Most listings are in the $30's per square foot per year. The Downtown Austin region is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Greater Austin market, the Downtown Austin submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 79 listings have been posted online, so you'll want to check back regularly for new listings. About 67% of the available leases in the Downtown Austin are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,150 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 9 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 area. 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.