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Renting Office Space in Downtown

The office space in the area reflects the nature and stature of Downtown’s tenants. The 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. A growing coworking space movement is also gaining steam in Downtown to meet the evolving demands of modern business. Rents vary widely in the Downtown neighborhood, averaging $45-$55 SF for Class A, $40-$45 for Class B, and $35-40 for Class C. 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.

Neighborhood Comparison

Neighborhood	Average Available SQFT	Average Rate / SQFT PER Month	NUMBER OF AVAILABLE SUITES
Allandale	2,100	$2.67 / SF	< 30
Arboretum	2,700	$3.17 / SF	369
Barton Hills	2,500	$4.09 / SF	56
Bouldin	2,500	$3.53 / SF	< 30
Crestview	1,600	$2.78 / SF	< 30
Downtown	3,600	$4.55 / SF	321
East Austin	2,800	$2.89 / SF	126
East Riverside	1,900	$2.31 / SF	35
Garrison Park	2,600	$3.06 / SF	< 30
Montopolis	1,200	$1.93 / SF	< 30
Mueller	4,700	$3.33 / SF	< 30
North Austin	1,400	$2.31 / SF	97
North Burnet	1,400	$2.31 / SF	97
North Lamar	2,000	-	< 30
North Loop	1,200	$2.51 / SF	< 30
North Shoal Creek	3,100	$2.99 / SF	< 30
Northwest Hills	-	-	< 30
Oak Hill	1,800	$3.15 / SF	< 30
Rosedale	600	$3.78 / SF	32
Round Rock	1,300	$2.18 / SF	53
South Congress	1,400	$2.39 / SF	< 30
South Lamar	2,000	$3.37 / SF	< 30
Southpark Meadows	2,800	$3.07 / SF	142
Southwest Austin	2,500	$2.94 / SF	277
Sunset Valley	2,500	$2.94 / SF	277
The Domain	700	$3.95 / SF	< 30
Westgate	-	-	< 30
Windsor Park	1,100	$2.49 / SF	42

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