Austin, TX Office Space Lease and Sublease

Office Leasing Rates Avg Q3 2018

$35.50 per square foot

Austin Office Vacancy Rates

Overall Average is 10.2%

Austin Office Space Availability – Updated for October 2018

Are you a tenant and need an Austin office space for lease from 800 square feet to 3,500+ square feet? The chart below represents current listings of office space for lease or sublease in the Austin area. Finding the right office space for lease or sublease is just step 1, there are negotiations, market knowledge leveraged strategies, concessions, offers and lease reviews to consider. There are at least 15 steps to have a profitable lease for your business, very little work is required by you, Clients are helped thru every step. Will finding an office property online provide you with all the information you need to make an educated business decision?

Don’t see what you are looking for? Contact us today for more options.

Location Area by Submarket	Square Footage	Lease Rate Range Per SF Per Month FS= Full Service MG= Master Gross	Potential Number of Office Spaces for Lease (Tracking Listed Properties)	Updated for :
Central Austin ,East and Downtown Area	845-3,500 Below 1,500 SF requires a 3 yr term	$1.13 NNN -$4.58 FS	100+ Office spaces for lease	October
Northeast , Round Rock, Georgetown	855-3,482 Below 1500 SF requires a 3 yr term	$1.00+ NNN-$2.30 FS	140 Office spaces for lease listings	October
South and Hays Cty	800-3,000 Below 1500 SF requires a 3 yr term	$1.05 FS-$3.50 FS	135 Office spaces for lease listings	October
Cedar Park, Northwest and Far NW	800-3,323 Below 1500 SF requires a 3 yr term	$1.44MG- $4.50 FS	150+ Office spaces for lease listings	October
Southwest	840-2,500 Below 1500 SF requires a 3 yr term	$1.45-$3.21	200+ Office spaces for lease listings	October

Office Space Calculator

Austin Office Lease Terms

Austin office property can have a direct lease or be an Austin office space for sublease. If you are looking to sublease you are called a sub-lessee and you should know these properties typically are not showcased with signage on the road and therefore are more difficult to find for the person driving by on the street. Current Subleasing opportunities on listed on the bottom chart. Office Leasing Rates may be quoted as gross, modified gross, or full service. Call us for more details or check the last chart below for 800 SF – 5,000SF opportunities.

Office Space Expenses in Austin

Expenses are defined in terms such as NNN (Triple Net), NN (Double Net), Full Service, Modified Gross and Gross. Typically within a multi-tenant office building the OPEX or operating expenses are expressed as Full Service. This means that everything is included such as electric, janitorial, common area maintenance and operating expenses.

Calculating Your Office Rent

How do you calculate your office rent per month? Lease rates can be expressed as a yearly lease rate or monthly lease rate as stated in our charts. To convert a yearly rate (Divide the yearly rate by 12) Example: $18.00 /12 equals a $1.50 per square foot per month. This will give you your monthly base lease rate. A base is defined as the amount of rent a tenant or sublesee pays without NNN expenses. An all in office lease rate such as Full Service would include operating expenses along with janitorial and utility costs.

Austin Office Sublease Availability Chart

Below are the most recent subleases on the market, contact us to help you find these types of offices today!

Location Area by Sub-market	Square Footage Range 800-2,500 SF statistics	Sublease Rate Range Per Month FS=Full Service	Potential Number of Properties Available - Office Sublease Space	Updated for
CBD , Central	810-3,381	$0.98 MG - $4.08 FS	46 Office spaces for sublease	October
Northeast to Georgetown, Round Rock	845-4,275	$1.18+ NNN- $2.34 + NNN	9 Office spaces for sublease	October
Southwest	1,100-5,000	$1.04 NNN-$2.38 FS	30 Office spaces for sublease	October
Northwest, Far NW , Cedar Park	822-3,421	$1.17+ NNN- $2.50 + NNN	48 Office spaces for sublease	October

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

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 […]
Austin Office Report Q3 2018October 11, 2018 - 3:32 pm
Austin Office Report Q3 2018 Lets take a quick snapshot overview of the Austin Office Report for Q3 2018, activity compared to the past couple years is slowing a bit. Vacancies for office space properties have remained in the 9.5-10.5 % range for the 2018 year and moving into Q4 are hovering in at 10.2%. […]