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: July 19, 2017

Central Austin Rates

On average, listings lease in the $20's per square foot per year. The Central Austin submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Greater Austin market, the Central Austin region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Central Austin Listing Supply

In the last 90 days, 5 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the listings 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,320 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market 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 region. 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