The typical asking rate per listing is in the $40's per square foot per year. The Downtown Austin submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $41 per sqft per year.
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 region.
In the last 90 days, 79 listings have been posted online, so you'll want to check back regularly for new listings. About 70% of the listings 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 4,840 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 9 floors. Most buildings in this region were built in 1974 and are Class A.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this region. 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.