Austin, TX Office Space for Rent
Austin has stood out as one of the country's fastest growing metros. Naturally, the city is also home to one of the hottest office markets in Texas. Perhaps as a direct consequence of the city's credo of "keeping it weird," Austin almost effortlessly accommodates a striking variety of industries: from film making to tech and complex cultural enterprises, to advanced manufacturing, financial services, and much more. Being the state capital,in addition to its exceptional regional and national connectivity, Austin is poised for continued growth.
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Check out property details and contact information for 1,604 office spaces for rent in Austin. Local listings incorporate a total of 18,750,729 square feet of space across all building classes. Rents for current vacancies start at $4.50 per square foot per year. Spaces range in size from 109 square feet to 589,682 square feet. Out of the total number of office buildings with listed availabilities, 45 are LEED-certified, and 8 are class A+ office properties.
Escalade A & B
Office
6 Spaces / 58,625 Sqft
Austin Oaks - Meredith
Office
4 Spaces / 7,371 Sqft
One Eleven
Office
9 Spaces / 67,067 Sqft
Bridgepoint Square I & III
Office
8 Spaces / 64,677 Sqft
The Centre Business Park
Office
4 Spaces / 8,921 Sqft
The Overlook at Rob Roy
Office
10 Spaces / 30,147 Sqft
3600 San Clemente - Building B
Office
3 Spaces / 17,325 Sqft
The Millennium Building
Office
4 Spaces / 56,262 Sqft
The Park at Red River
Office
5 Spaces / 28,193 Sqft
Austin Office Space Market Stats
The Texas capital's commitment over recent decades to developing flexible, highly adaptable real estate bares significant contribution to Austin’s economic sustainability. The local office market currently accommodates an increasingly diverse mix of industries, with much more to offer than what its tech hub aura suggests.
Local vacancy currently encompasses 18,750,729 square feet of office space for rent across 1,604 spaces. Listings span across 8 class A+ and 274 class A properties, 421 office properties graded B, and 58 class C buildings. The city offers great range in listing size, with the average office space coming in at 9,368 square feet. The average office property in Austin is 147,586 square feet.
Class A and A+ office spaces command, on average, $31.25 and $36.33 per square foot per year, respectively. Class B office space in Austin gets an average of $20.39 per square foot per year in rent. Rates across all property classes represented in the listing inventory averages $26.79 per square foot per year.
Commercial real estate news
From our blog
Life Sciences & Biotech Hub Planned for Dallas Pegasus Park
July 15, 2020
Lyda Hill Philanthropies and J. Small Investments recently announced their future-focused redevelopment plans for Pegasus Park. The project aims to boost the science and tech scenes in Dallas and turn the former ExxonMobil campus into a hub for innovation and social influence.
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Lingerfeld Commonwealth Sells Tampa Office Building
July 7, 2020
Richmond, Va.-based commercial real estate investment firm Lingerfeld Commonwealth Partners (LCP) recently announced the sale of Buschwood III in Tampa, Fla., to fellow Virginia-based company Continental Capital Partners (CCP). The sale price was reported to be $10.35 million.
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Rexford Closes on $73M SoCal Infill Portfolio
July 3, 2020
Rexford Industrial Realty Inc., a real estate investment trust (REIT) focused on investing in and operating property in Southern California infill markets, recently completed the purchase of a five-property portfolio for $73.2 million. The acquisition incorporates 434,000 square feet of both value-add and institutional-quality assets.
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