South Congress Sublease

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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 6, 2016

South Congress Rates

Most listings are in the $20's per square foot per year. The South Congress submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $22 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Greater Austin market, the South Congress region has lower 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 are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 around 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 residents. Commuting approximately 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