Old West Austin Office Space

Old West Austin

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
570
As of: August 19, 2017

Old West Austin Rates

On average, listings lease in the $40's per square foot per year. The Old West Austin region is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 12% rise in rent.

Compared to the rest of the Greater Austin market, the Old West Austin region has higher rates, and you'll need to make a great offer to be in this hot region.

Old West Austin Listing Supply

In the last 90 days, 5 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 160% of the available space in the Old West 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,790 sqft. Most buildings in this market were built in 1962 and are Class A.

Old West Austin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Old West Austin occupants. Commuting around an hour and a half 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 Old West Austin.
Market Report

Market Data

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