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- 1st Quarter 2019
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
- Austin Office Market for Q1 2019May 23, 2019 - 3:20 pm
Austin Office Market for Q1 2019 | Summary How did the Austin office market fair for the first quarter of 2019? Positive signs for the first quarter of 2019 are still in play with vacancy rates dropping below 10%. Lease rates have risen to historic highs with an additional 5M square feet of office space […]
- Improvements White Box SpaceMarch 12, 2019 - 4:00 pm
Improvements | White Box Space What is a white box space? A question like this may come up from a tenant that is looking to occupy a retail space or office space in Austin. White box is defined as an improved space that is “vanilla” , it really does not have any amenities or tenant […]