Office Leasing Rates Avg Q4 2018
$35.50 per square foot
$35.50 per square foot
Overall Average is 10.2%
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 | February |
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 | February |
South ,Southeast and Hays Cty | 800-3,000 Below 1500 SF requires a 3 yr term | $1.05 FS-$3.50 FS | 150+ Office spaces for lease listings | February |
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 | February |
Southwest | 840-2,500 Below 1500 SF requires a 3 yr term | $1.45-$3.21 | 200+ Office spaces for lease listings | February |
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.
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.
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.
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 | 926-5,000 | $0.98 MG - $4.08 FS | 39 Office spaces for sublease | February |
Northeast to Georgetown, Round Rock | 845-4,275 | $1.18+ NNN- $2.34 + NNN | 8 Office spaces for sublease | February |
Southwest | 1,100-5,000 | $1.04 NNN-$2.38 FS | 27 Office spaces for sublease | February |
Northwest, Far NW , Cedar Park | 822-3,421 | $1.17+ NNN- $2.50 + NNN | 49 Office spaces for sublease | February |
Shire Commercial
License Number #0524917
11300 Prairie Dog Trl, Austin, TX 78750
Phone: (512) 947-5896
Steve@austin-office.com
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 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 […]