Central Austin Retail

Central Austin

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,200
As of: August 20, 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 going through a a rise in rates. In the last 3 months, the median rate went up $33 per sqft per year.

Compared to the rest of the Greater Austin market, the Central Austin region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Central Austin Listing Supply

In the last 90 days, 5 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the available space in the Central Austin are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,200 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1985 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 market. 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.

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