Austin Office Space for Rent

Austin

Austin has become a significant tech hub in recent years as companies like Facebook, Indeed, Google, and several others now have a considerable presence in the neighborhood. Large medical corporations also occupy much of the northern side of Downtown while Parsley Energy is set to lease a 300,000 SF, 31-story building in 2020. Over 9 million SF of Class A space represents over half of Downtown Austin’s total commercial space. The area also features roughly 5 million sq ft of Class B and over 2 million SF of Class C space. Rents vary widely averaging $45-$55 SF for Class A, $40-$45 for Class B, and $35-40 for Class C in Downtown Austin. Pre-leasing prices in new construction Class A properties are roughly $60-$70 SF. Vacancy rates hovering around 5% have placed an upward force on price points while also limiting choices for full-floor users. Several large-scale towers are either under construction or in the planning stages to provide the area with additional commercial space inventory in the near future. 

The southwest portion of Austin is synonymous with some of the most renowned tech-oriented companies in modern industry. The majority of the commercial space is Class A and averages 30,000 SF. Price points for Class A office space in Southwest Austin fall around $40+ SF and $35 for Class B. Most of these office parks, as well as the growing number of retailers in the area, offer ample parking as part of the lease terms. Companies can typically expect five parking spaces for every 1,000 SF of office space. Small to medium-sized businesses are well-served by North/Central Austin’s many traditional Class A office parks located west of Mopac Expressway (Loop 1). The area also features several low to mid-rise buildings as well as pockets of light industrial space. The majority of these properties feature space up to 5,000 SF at rents of $28 SF gross. Companies needing more space can find commercial property in the 20,000 SF range along the border of Mopac where 15 large scale office parks serve bigger organizations.

About TenantBase

TenantBase is a technology enabled office space brokerage built specifically for tenants. We make the commercial office space search and lease process easier by combining our unique technology with experienced local commercial real estate advisors.

Popular Office Space in the Austin Market

Suite Rates in Austin

Suite Sizes in Austin

Neighborhood Comparison

Neighborhood Average Available SQFT Average Rate / SQFT PER Month NUMBER OF AVAILABLE SUITES
Allandale 1,500 $3.10 / SF < 30
Arboretum 2,500 $2.88 / SF 328
Barton Hills 4,900 $3.43 / SF 47
Bouldin 3,200 $2.98 / SF 30
Crestview 1,800 $2.09 / SF < 30
Downtown 2,700 $3.68 / SF 296
East Austin 3,900 $2.40 / SF 90
East Riverside 1,700 $2.22 / SF < 30
Garrison Park 100 $5.31 / SF < 30
Montopolis - - < 30
Mueller 8,400 $1.79 / SF < 30
North Austin 4,800 $1.86 / SF 128
North Burnet 4,800 $1.86 / SF 128
North Lamar - - < 30
North Loop 1,200 $1.55 / SF < 30
North Shoal Creek 1,700 $2.67 / SF < 30
Northwest Hills - - < 30
Oak Hill 1,000 $2.81 / SF < 30
Rosedale 500 $3.48 / SF < 30
Round Rock 1,700 $2.04 / SF 122
South Congress 2,500 $2.97 / SF < 30
South Lamar 1,600 $2.58 / SF < 30
Southpark Meadows 2,600 $2.68 / SF 130
Southwest Austin 2,200 $2.49 / SF 256
Sunset Valley 2,200 $2.49 / SF 256
The Domain 7,000 $3.68 / SF 37
Westgate 1,600 - < 30
Windsor Park 400 $2.67 / SF 33
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.

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Austin Office Location

Austin

801 Barton Springs Rd
Austin, TX 78704
Phone: (949) 432-3112
Email: contactAustin@tenantbase.com
License #9005764

Texas Real Estate Commission Information About Brokerage Services



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