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Jul 8, 2024 · Q2 2024 marks the second straight quarter in which the Austin office market has recorded positive net absorption. As of June, more than 86 tenants are actively seeking space totaling over 2.5 million sq. ft. A total of 1,753,327 sq. ft. of office product is projected to be completed in 2024, with approximately 18.0% of the pipeline pre-leased ...
Austin, TX Sale Price per SF Trend. Austin office space cost in 2023 marked a -15.80% change compared to the previous year. The sale price for office space in Austin averaged $299.39 per square foot in 2023, across all market subdivisions and asset classes. Conversely, the statewide Texas average office sale price during the same time period ...
Sep 26, 2023 · Let's say you're looking at a 10,000-square-foot office space in downtown Austin with a rental rate of $35/sqft/year. This means that your base rent would be $350,000 annually before considering other costs like operating expenses.
- Ryan Rodenbeck
Oct 14, 2021 · Downtown Austin Office Space For Rent Price & Cost Guide 2021 by Austin Tenant Advisors. October 14, 2021 18:29 ET | Source: Austin Tenant Advisors. Austin, Oct. 14, 2021 (GLOBE NEWSWIRE ...
Sep 26, 2024 · Office rental rates in downtown Austin have historically been the highest of all the submarkets. Below you can see where rates have been and where they currently are. As you can see from the chart, leasing office space in the CBD currently costs approximately $65.66 per square foot. A 10,000-square-foot tenant, for example, amounts to $656,600 ...
Jul 15, 2022 · The Pacing of Office Space Rents in Austin. Nationally, the office vacancy rate hovers at 15.4%, and the average listing costs $33.08 a square foot. In Austin, TX: 4.49% change in asking rent price for office space in YOY average. Asking rents averaged $42.69 per square foot. 10.80% office vacancy rate was reported in 2020.
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Oct 5, 2021 · Quick Facts About Office Buildings in Downtown Austin. 74 office buildings (not including old houses zoned for office use) 12.1M total rentable square feet (rsf) $59.36 per square foot (sf) is the average asking gross rent. $31 – $80 sf is the range of asking rents. 22% vacancy. 856,335 sf of available sublease space.