Tips When Considering Commercial Office Space for Rent in Austin Tx
- New business or startup wanting to lease office space in Austin for the first time.
- You’re an existing Austin company and looking to expand or relocate your business.
- Your headquarters is outside of Austin, Texas and you want to open a satellite office.
- You’re considering relocating your headquarters altogether from another city or state to Austin, Tx.
1. Decide if You Really Need to Lease Your Own Austin Office Space
2. Start Searching for Office Space in Austin Tx Sooner Than Later
3. Consider Working With a Commercial Realtor in Austin that Only Represent Tenants
4. Find a Location That is Convenient For Your Employees
- Commute times – Although your employees might drive to the office on their own time the negative effects of a long commute stick with them. Austin traffic is very bad at peak times in certain areas so finding a space that can reduce most of their commute times can lead to happier more productive employees. For example, while office space in Northeast Austin is the least expensive in town it also means longer commutes for employees if most of them live in South or Southwest Austin. Make sure to evaluate where your existing employees live and where you think your next new hires will come from.
- Contiguous space – You want to choose a space that keeps your employees together. A 20 story office building in downtown Austin with small floor plates or an office campus with 5 buildings in Northwest Austin could mean your employees are spending a ton of time on the elevators, stairways, or walking between buildings in the heat, rain, or snow.
- Natural light – It’s a proven fact that the more natural light your office has the more happy and productive your employees are. Having lot’s of windows matters however so does the location. Try mapping out the sun angles on the building and space to ensure you can maximize the available natural light
- Amenities – The more time away from the office your employees spend the more money and productivity you are losing. People have complicated lives and it’s hard to get everything done that needs to be done. To reduce absenteeism focus on areas in Austin that are surrounded by the services your employees need to to manage their lives. Being close to restaurants, physician offices, etc will allow them to take care of their daily needs without having to take a half a day off.
- Proximity to prospects, clients, & vendors – If your employees spend a lot of time in the field with prospects, clients, & vendors be sure to choose a somewhat central Austin location. The less time they spend in the car the more productive time they will have.
5. Calculate How Much Office Space You Need to Rent
- How many employees you have now.
- How many employees you will have 3-5 years from now (Typical lease term is 3-5 years). Forecasting future headcount is challenging which is ok…….so as a general rule of thumb estimate about 10% to 20% more space than what you need currently
- How much space you will need per employee (depends on your use, needs, wants, etc…)
- You also need to know and compare the parking ratio at each Austin office building that you are considering.
6. Trial Arrivals and Departures of Your Top Austin Office Buildings
7. Get Acquainted with the Neighbors
8. How Much You Should Expect to Pay for Office Space in Austin
Class A office space in the suburbs will range from $38 to $45 sf
Class B ranges from $27 to $35 sf