Central Austin Office Space

Central Austin

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
9,010
As of: January 19, 2017

Central Austin Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Austin submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 43% rise in rent.

Compared to the rest of the Greater Austin market, the Central Austin region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Central Austin Listing Supply

In the last 90 days, 3 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 6,110 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1983 and are Class A.

Central Austin Community

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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Austin.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Austin.
Research

Austin Submarkets