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Most commerial real estate listings for lease are in the $40's per square foot per year. The Central Austin region is seeing a a rise in rates. In the last 3 months, the median rate for lease went up $15 per sqft per year. That's a 44% rise in rent.
Compared to the rest of the Greater Austin commercial real estate market, the Central Austin submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot region.
In the last 90 days, 67 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Central Austin are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 4,390 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built around 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Austin residents. Commuting between 30 and 45 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 Central Austin.
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