Most listings are in the $40's per square foot per year. The Downtown Austin region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Greater Austin market, the Downtown Austin region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 71 listings have been made available, so you'll want to check back regularly for new listings. About 18% of the available leases in the Downtown Austin are subleases, so you might be able to snag a great spot on a short term. 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 3,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 12 floors. Most buildings in this region were built in 1974 and are Class A.
This area 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.