Most listings are in the $40's per square foot per year. The Downtown Austin submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Greater Austin market, the Downtown Austin region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 753 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the listings in the Downtown Austin are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,230 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 8 floors. Most buildings in this region were built in 1974 and are Class A.
This region is fairly equally mixed residential and commercial. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Austin residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Austin.
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