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, Northwest, North Central, East and Round Rock office space vacancies have ticked up a bit moving into Q2 2018 to 9% 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 without expenses Q1 2018
|Overall Average||A and B||$41.50 -Up|
$30.00 No change
$42 Way up
$30.50 Up slightly
$34 Way Up
$30 Way down
Vacancy of Austin Office Property- As of Q1 2018
Moving into the 2nd Quarter of 2018, office vacancy rate index below.
CBD 10% | East 2% | Far Northwest 5.6% | North East 12% | Central 9.6 % | Northwest 9.8% | South 5% | Southwest 11.7%
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
- Austin Office Market Q1 2018April 9, 2018 - 3:43 pm
Austin Office Market Q1 2018 | Summary and Report Austin’s office market is staying within a specific lease rate range with some major increases in certain sub-markets based on our vacancy reporting. Vacancy has increased to close to 10% coming up from the 8% range in the last quarter for 2017. 2017 came in at […]
- Austin Office Market | Q4 2017January 16, 2018 - 6:00 pm
Austin Office Market | Q4 2017 | Summary Report 2017 was a strong year overall for the Austin office market , although the last quarter was met with negative occupancy (absorption). Vacancy rates were at a 16 year low for the Austin office market as well. New development is an additional 600,000SF of space with […]