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
First National Realty Partners Acquires N.J. Office Building
April 30, 2020
Real estate investment firm First National Realty Partners recently announced the purchase of The Coastal Building in Red Bank, NJ. The property will add 29,178 square feet of Class A Jersey Shore office space to the company’s portfolio.
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Amazon Expands Presence in Baltimore-D.C. Commercial Corridor
April 24, 2020
Cushman-Wakefield completed the $91 million sale of Techwood Business Center in Hanover, Md., on behalf of the seller, RREEF Management LLC. Amazon was the buyer in the deal, adding the Baltimore business park to its expanding portfolio in the state of Maryland.
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Charlotte’s Hearst Tower Changes Hands in $446M Deal
April 14, 2020
Atlanta-based Cousins Properties has completed the sale of Hearst Tower. The Uptown Charlotte office property changed ownership to locally based Truist Financial Corporation. Commanding a gross price tag of $455.5 million, the building sold for roughly $470 per square foot.
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