Northwest Austin Retail

Northwest Austin

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,290
As of: July 21, 2017

Northwest Austin Rates

On average, listings lease in the $20's per square foot per year. The Northwest Austin region is going through a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decline in rent.

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

Northwest Austin Listing Supply

In the last 90 days, 17 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 112% of the office spaces in the Northwest 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.

Even though the median size is 3,290 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this market were built in 1993 and are Class A.

Northwest Austin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northwest Austin residents. Commuting under 5 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 Northwest Austin.
Market Report

Market Data

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