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, TX 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 a commercial property for lease or sale so that you can save a lot of time and hassle running around needlessly. Contact us today.
Research Austin, TX Office Lease Rates Below
You can check more detailed vacancy rates below. As a comparison, vacancies back in Q4 2015 overall were 9.6%. There are specific Austin office properties that have a very tight supply such as Downtown, NW Austin, Far NW Austin and South Austin vacancies have ticked lower a bit. Vacancies are moving into Q3 2018 to 10% for Class A office and 10.8% for Class B space.
On this page you will get a market snapshot of the quarterly Austin, TX office lease rates. The data is accurate within a 90 day period, data is provided in arrears , lease rates do not change by a large percentage over one quarter., however these are “active lease rates” that we track. Where are these offices located? That is where a broker with knowledge and experience brings value to You as the Client! Call us so we can help you find and negotiate an office lease or purchase.
|Office Sub-Market||Class of Space||Office lease rate averages|
Quoted per year End of Year Rates (Full Serv Gross)
|Overall Average||A and B||$36.64|
|$52.66 Up slightly|
$35.72 No change
|$43 Up |
$34 No change
Vacancy of Austin Office Property- As of End of Year 2018
Moving into the 1st Quarter of 2019, office vacancy rate index below. Vacancies are posted 1 quarter in arrears
CBD 6.3% | East 17% | Far Northwest 6.6% | North East 16% | Central 10 % | Northwest 9% | South 4% | Southwest 11.5%
Take advantage of great Austin office leasing services now.
Contact us today for more information and a no obligation analysis of what the office leasing possibilities are for your business.
How to calculate your monthly rent? Use the following formula:
Square footage per yr divide by 12 X the square footage of the office.
Example: $12.00 per SF per Yr /12 = $1.00 X 1,000 SF (office) = $1,000 per month for your rent.
License Number #0524917
11300 Prairie Dog Trl, Austin, TX 78750
Phone: (512) 947-5896
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