Austin, TX Office and Warehouse Space Specialists

Best follow up for Commercial Real Estate since 2004

Google Rating

5.0

Shire Commercial

5.0

Chris Cunningham

18:10 17 Jul 17

Steve was tremendous as a broker. I had a very long process to solidify my commercial lease and Steve was with me every step of the way providing both insight and advice. This was my first time executing a commercial lease and I do not believe that I would have been able to do it without the continued support form Steve.His work ethic is fantastic and I do not believe I went more than one hour without receiving a response if I had a question about anything; you can always count on Steve. I am very confident recommending Steve and Shire Commercial Real Estate to anyone who is looking for a great commercial real estate representative.- Chris

Mike Zaccaro

16:29 20 Jul 16

Steve Shire really came through for me and my company on finding a nice office in this extremely hot real estate market. He was always available to show property and was very knowledgeable of the Austin area. If it wasn't for Steve being so responsive I know that we wouldn't have found our perfect office for us. In this type of market you need someone like Steve to get in there and close the deal quickly. THANKS STEVE!

Andrew M

14:29 08 Sep 16

Steve Shire was instrumental in finding us the space we needed. He is direct and professional. We never had to guess what he was thinking and more importantly he listened to our needs and found us the perfect downtown location. I would recommend Steve to anyone looking for commercial space! Thanks Steve!

Leo Chen

18:26 22 Mar 16

This review is long overdue (could not figure out how to leave a Google review for the life of me), but Steve Shire is the best in the business. My small company and I were looking to move into a larger location - our business is pretty unique and had specific requirements in terms of how the rooms had to be arranged. Steve made multiple visits to our old location to get a good grasp of what we wanted, then proceeded to find 20-30 listings that we might be interested in. After we expressed interest in 4-5, he showed us each location based on our schedule, kept us informed throughout the entire process, and really just provided absolutely pristine communication the whole time. If we ever need to find another location in Austin, Steve Shire will be the first person I contact. You can not go wrong with him - thanks so much Steve for helping our young business grow and for the efficient, painless process of finding a new home.

Shirin Bazaz

18:24 08 Jan 16

I’m a health care professional and decided I was done leasing and paying other people’s mortgages. I chose Steve because many others had written very positive reviews about his knowledge of property in the area, his approachable nature, his impeccable communication skills (that really come in handy when putting out inevitable fires during this process), and his willingness to teach. I’ve learned that Steve’s reputation is well earned. The only quality that was left out in those reviews that needs to be highlighted based on my experiences is his integrity. I just closed on my office condo today and want to let others know how wonderful this process can be with someone like Steve by your side. I highly recommend first time buyers to choose Steve because he knows what he’s doing and will make you feel supported and less “lost” during the process. Seasoned investors are also encouraged to take advantage of his 10+ years in the industry and willingness to go the extra mile and think outside the box in order to get your needs met. Thank you so much, Steve!

Rusty LeBlanc

16:37 07 Feb 18

Steve was great to work with on my property search. He provided great advice and is very knowledgeable. Most importantly he puts his clients needs first. He will give you honest feedback even when it is not in his best interest. You can trust Steve. He is one of the good guys.

See All Reviews

Austin Office Space for Lease

Lower lease rate deals

How do you know a commercial real estate broker can perform and provide you great service? Service is action, not words, wouldn’t you agree? Check this page out if you want to have a birds-eye view of what is going on with lease rates for office space in Austin. By tracking Austin office lease rates, we can provide our Clients with real time accurate information. The next step? Team up with Shire Commercial to provide You the necessary actions it takes to find a commercial property for lease or sale so that you can save a lot of time and hassle running around needlessly. Updated consistently to ensure our surveys are accurate for you to view. Contact us today to help you lease or sublease an office space.

Office Condos and Properties for Sale

Would you like to purchase an Office Condo or Office property? All of our buyer-clients receive:

Efficient first class response that includes market surveys with Shire Commercial office condos for sale services in Austin.
Utilization of our market knowledge that helps you make the best offer on an Austin Office Condo or Building.
100% support includes recommending lenders , current interest rates, negotiation support, market comps and more, see what is available within this page

Sublease an Office Space

If you are looking for Austin office space for lease, you are at the right website. Providing Clients results and finding Austin office space for lease since 2004 are the direct benefits of utilizing our leasing services. With Shire Commercial’s office space leasing services you can find value deals in Austin’s commercial real estate market. Offices less than 1,500 SF require a 3 yr term for us to to be able to help our clients.Regarding commercial rental rates, please don’t expect a Class A office space to have below market lease rates when vacancies are lower. Austin office space lease rates are based on supply and demand statistics at the time the search is made for you.

Current Vacancy Rates Q4 2018

Currently 10.2%

Average Asking Rates Q4 2018

Down slightly Currently at $35.50 per square foot

Want to Check Current Austin Office Space Availability?

If you are a tenant currently in the market for Austin office space for lease ranging from 800 SF to 3,500 SF click the link below to view charts of current inventory. The charts provide you two separate views , one is for direct lease offices and one chart is for office subleases on the market. You can also view large office space from 5,000 SF and higher within this website. Finding the right office space is step 1 , however there are many more steps in the process as many as 15. If you are searching the internet for listings, it is important for you to know up to 50% of the listings may be stale and not updated. Why do you want to waste your time and effort? Once you are engaged with Shire Commercial as a client, there is very little work required by You. Clients are helped thru every step up of the leasing process. Shire Commercial’s office tracking continually looks for below market value deals as well as competitive office leasing solutions for tenants.

*If you have lease requirements less than 800SF with a short term, our services would not be able to meet your needs.

View Office Space Availablity

AUSTIN OFFICE SPACE NEWS BRIEF

The Austin office space market continues to be fairly static, however we are seeing some more sublease activity into January 2019. In today’s market desirable office spaces with lower lease rates from $1.30 psf per month to $1.50 are available . There is demand competition on office spaces in tight sub-markets. Vacancies for office space are at 2001 lows currently. Comparison data for the end of 2017, Austin’s office market saw vacancy rates were at 15+ year lows, and unemployment was at 2.6%. During the first quarter of 2018, office occupancy didn’t see any major growth and remained flat.

Expect Landlords to take advantage of higher demand in tighter sub-markets for smaller square footage office space and asking for longer lease terms. Fewer owners will consider a lease term shorter than 3 years without asking for an increase in per square foot premium on their quoted rates. Operational expenses are on flat to higher moving into Q4. Short term subleases defined as a sublease that is less than 2 years are starting to become available, if you are a start-up company your options may be better suited with a sublease if you require a short term lease. We are starting to see more sub-leases come onto the market as a potential sign of market softening as well as companies consolidating.

Regarding lease rates, according to Realtor magazine, a question was asked “How many square feet of office can a tenant get for $5000 per month (Class B)”? Austin 1,288 SF , Houston 2,304 SF , Dallas 2,630 SF. Austin still leads other cities with higher rents into 2018.

Shire Commercial is seeing lease rates to remain somewhat flat moving into January as demand is still good while construction prices will stay high. We suggest that our clients start their Austin office space search and negotiation approx 60- 90 days out to get the best results in this competitive Inventory for office space that is 5000SF and higher is good. Class B offices will provide more opportunities for lower rates depending on the sub-market. Office leasing activity has slowed compared to previous years.

If your office lease is expiring within the next 90 days, it is time to have a conversation . Feel free to call us to discuss your unique situation over the phone and we can help you map out the appropriate timeline for your new office search or rent negotiation.

Examples of Successful Transactions with our Clients

Hossley Lighting Associates – https://hlalighting.com/

This review is long overdue (could not figure out how to leave a Google review for the life of me), but Steve Shire is the best in the business. My small company and I were looking to move into a larger location – our business is pretty unique and had specific requirements in terms of how the rooms had to be arranged. Steve made multiple visits to our old location to get a good grasp of what we wanted, then proceeded to find 20-30 listings that we might be interested in. After we expressed interest in 4-5, he showed us each location based on our schedule, kept us informed throughout the entire process, and really just provided absolutely pristine communication the whole time. If we ever need to find another location in Austin, Steve Shire will be the first person I contact. You cannot go wrong with him – thanks so much Steve for helping our young business grow and for the efficient, painless process of finding a new home.

Austin Panic Room – https://texaspanicroom.com/austin/

I utilized Steve Shire to find two different spaces for my businesses, I could not believe I got great research and negotiations without a hitch, it was much more than I expected.

Motiliti – http://www.motiliti.com/

Incredible Experience! Working with Steve Shire is one of the most important and great experiences of my professional life. I engaged him to help me find the ‘location, location, location’ for my new veterinary hospital here in Austin; and HE DID! Within less than 14 days he presented me with a host of commercially available and productive possibilities. I chose one that was the best fit for me. He advocated for my best interest in negotiating the lease and he mentored me through the entire process. I highly recommend his professional expertise and genuine desire to find the best place for your business dream and success!

Steve L HarrisDVM – http://austinveterinarycenter.com

Steve was very responsive and always there to answer questions and address concerns. Having never leased a commercial space, Steve was able to provide the guidance and education we needed to make the right decision. Not only did he help us find the perfect property, he also helped guide us through a better understanding of our lease agreement. I would definitely recommend Steve to help you find your next commercial property.

Allstate – https://www.allstatenewsroom.com/

Steve, On behalf of Metric Loop, I wanted to reach out to you and say “thanks”!! We really appreciate the help and the quick responses. I think you helped us find a really good deal and we did it really fast. Thanks again and have a great week!

Metric Loop Services – https://metricloop.com/

After realizing that locating and leasing commercial property on my own was not going to be easy or fruitful I was lucky enough to contact Steve. From start to finish the process was thorough, thoughtful, artfully explained and managed. Steve is extremely professional, knowledgeable, and responsive. He quickly understood what we needed, showed us appropriate properties and got us through the process intelligently. His communication skills are excellent and timely. Also and maybe equally important Steve has been there for us in the weeks since we signed the lease and moved to aid and advise us with issues and questions. I highly recommend Steve.

Gossamer Gear – https://www.gossamergear.com/

Steve Shire really came through for me and my company on finding a nice office in this extremely hot real estate market. He was always available to show property and was very knowledgeable of the Austin area. If it wasn’t for Steve being so responsive I know that we wouldn’t have found our perfect office for us. In this type of market you need someone like Steve to get in there and close the deal quickly. THANKS STEVE!

Sony Optical Archive (division of Sony) – http://www.everspan.com

“If you are looking for a commercial realtor in the Austin, TX area look no further! After dealing with other commercial realtors in Austin, that seem to be giving me the run around and showing me what they wanted me to see instead of what I asked to look at. Even if they returned my call at all, Shire Commercial was my answer. Steve is very punctual, found exactly what I was looking for the first time I asked for it. Steve made the transition from researching to having a signed lease very quickly and effortlessly. Shire Commercial found us the perfect location at the price we were looking for”

Kelly HammockVP of Branch Operations- WIT Transmissions

Round Rock IncentivesNovember 15, 2018 - 5:31 pm
Round Rock Incentives Summary taken from Round Rock Chamber of Commerce The City of Round Rock and the Round Rock Chamber are offering customized incentive packages for relocation and expansion of businesses. Assistance may include tax abatements, waivers of fees, job training , and fast permitting. Here is a summary of the incentives on the […]
Gross and Net LeasesOctober 12, 2018 - 4:20 pm
Gross and Net Leases for Office Space No matter which type of business is reflected, the commercial real estate lease is a binding agreement created to defined the terms of occupancy for a tenant. Bottom line, most commercial real estate leases whether they are gross or net leases are drafted to offload as much exposure […]