The typical asking rate per listing is in the $40's per square foot per year. The Downtown Austin submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Greater Austin market, the Downtown Austin region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 79 listings have been made available, so you'll want to check back regularly for new listings. About 16% of the listings 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.
The standard measurement for office space in this area is around 2,410 sqft. Most buildings in this region are around 10 stories. Most buildings in this market were built in 1974 and are Class A.
This region is fairly equally mixed residential and commercial. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Austin occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.