South Congress Retail

South Congress

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
8,588
As of: December 7, 2016

South Congress Rates

The typical asking rate per listing is in the $20's per square foot per year. The South Congress region is experiencing a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year.

Compared to the rest of the Greater Austin market, the South Congress submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

South Congress Listing Supply

In the last 90 days, 2 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 8,588 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 4 floors. Most buildings in this market were built in 1953 and are Class A.

South Congress Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst South Congress occupants. Commuting close to 15 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 South Congress.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Congress.
Research