After helping hundreds of clients with their search, we’ve found that one of the first questions clients ask is, “what does office space cost in Austin?”. To answer this question, we’ve compiled a detailed look into: Before we begin, it is important to understand exactly how to calculate your total annual rent expense. Unit 111 (Floor 1). Gym, Close Highway, Parking Ratio, Common Showers, Onsite Parking, Parking Garage, Key Card Access, On Site Security, and Close Points Of Interest. Average Current Northeast Austin Industrial Rental Rate: $0.78. The various neighborhood zones situated throughout Austin offer business owners countless opportunities to pursue advantageous leases in the area. The prime location here is superseded only by the local amenities... Read More >>, Looking for a space central to Austin with all the flexibility you can imagine? Members can take advantage of amenities such as printing and copying options, high-speed internet, art-filled conference rooms and private phone booths to make personal or confidential calls. There is also 24 hour access available to members so that your varying and flexible... Read More >>, This 80,000 square foot plot hosts both co-working and serviced office options, as well as comfortable and well designed break-out areas to relax in. A map of all of Austin’s office submarkets. Calculating your industrial lease requires four numbers: It’s important to note, that often industrial rates are quoted on a monthly, not annual, basis in Austin. DesksNearMe. Bulk warehouse is a larger property that may start as low as 6,000SF and move up past 40,000SF , it could be used for distribution as well. There are 135 office space listings in East Austin, Austin, TX, available for rent or for lease. The building itself, a 32-story edifice remodeled in 2017, is the home of a wide variety of tenants sharing a... Read More >>, Impress with an A Class coworking office space in downtown Austin at 600 Congress Avenue! Parking for commercial office space is based off a ratio of number of spots per 1,000 sf. Leigh is AQUILA’s resident industrial specialist. Average Current North Austin Industrial Rental Rate: $0.87 Clients find the right rental office for lease or sublease with Shire Commercial’s services and that is just step 1. The absence of state taxes and low living costs serve as a strong incentive for job-seekers, and business owners benefit from dedicated support programs offered by the state of Texas, which amount to $19bn every year. For those who enjoy an active work environment and splitting costs, there is also an area specifically designed for collaborators who enjoy bouncing ideas around with others as they work... Read More >>, Renting serviced office space in Austin is easy at this Class A center which also provides coworking space. Austin, TX How do you calculate your office rent per month? We are forecasting a market shift downwards due to the COVID-19 restrictions. With flexible terms for private offices and coworking spaces you'll enjoy a collaborative workspace with the flexibility to grow as your business does. Unit 260 (Floor 2), NNN charges: $14.69 per sqft and Can be combined with Suite 240, Operating expenses: $14.00 per sqft and Available in 30 days, Operating expenses: $9.81 per sqft plus electric and janitorial, 1,000 sqft air conditioned office space, and 1,910 sqft unconditioned production space, - 1919 S 1st St - Entire Building Bouldin Creek, Austin, TX NNN charges: $14.57 Nov 19 - days 4,400 sqft Sublease Office 112 E 7th St - Space Downtown Austin, Austin, TX Parking charges: $270 per space per month, Rent includes: electricity and janitorial, Break area, Furniture negotiable, and NNN charges: $25.43 per sqft Nov 19 - days 1,610 sqft Sublease Windsor Park, At AQUILA, we know how daunting it can be to start a search for office space in Austin, Texas. If parking rates continue to increase like they have in the past, you will need to decide if having to pay inflated parking prices is worth the benefits of a downtown office. If you want to sell it 100% […], Tesla Plant in Austin Tesla announced they made the decision to open their Cyber truck factory near ABIA (Austin Bergstrom International Airport). The class of building is probably the most obvious influence on rental rates. 78721, 1106 Clayton Lane, As stated before, class A buildings will generally command a higher rental rate than Class B or C. Also note that these are quoted rates, not necessarily the rate each tenant pays. East Cesar Chavez, North Point, The eco friendly Class A building offers amazing amenities and boats an enviable location across from the Texas Capitol and within easy reach of both public transport links and the Interregional Highway... Read More >>, This 80,000 square foot plot hosts both co-working and serviced office options, as well as comfortable and well designed break-out areas to relax in. Using a 50,000-sf tenant as an example that amounts to $521,000 per year, or $43,416 per month plus op/ex and E&J. In addition, with the completion of the HWY-71 flyover, the Southeast market is by far the most accessible to executive housing in the affluent west Austin suburbs, including, To learn more about the rental rates and trends in Austin’s industrial market, including all thirteen submarkets, be sure to download your free copy of AQUILA’s, Best Industrial Brokerage Firms in Austin, Texas, Your Guide to the Elements of a Commercial Lease, Typical Types of Commercial Leases in Austin, Texas, Types of Industrial Buildings Defined (Warehouse, Flex, Distribution, etc. They offer benefits such as: The lobby of 210 West 7th is a prime example of the superior common areas that can be found in Class A buildings. The eco friendly Class A building offers amazing amenities and boats an enviable location across from the Texas Capitol and within easy reach of both public transport links and the Interregional Highway. An all in office lease rate such as Full Service would include operating expenses along with janitorial and utility costs. Austin, TX Pre-COVID lease rates are still in place for most of the office space in Austin. Sublease space has rapidly increased. Lease rates can be expressed as a yearly lease rate or monthly lease rate as stated in our charts. Contact Us The ideal business office requires many things: a location that benefits you and your clients, administrators responsive to your business needs, as well as opportunities for your space to grow with you. What sort of flexibility do you need for adding new employees? Windsor Park, Members at this premium office space operate in a variety of industries, helping to create an atmosphere that is perfect for any growing business... Read More >>, The office styles available for rent at One Congress Plaza are window and interior private and shared office suites as well as coworking spaces in an open floor plan area. Class A buildings, which include the likes of Frost Bank Tower and Domain 7, are the most sought-after office spaces in Austin. Austin, TX Although the population here was almost exclusively Caucasian and Hispanic in the early years of both the Republic and statehood, Austin has since grown quite diverse. Demographically, Austin is primarily Caucasian, with nearly 68% of the local population classified within this particular demographic. © 2020 AQUILA Commercial. This location is ideal for distribution companies, as it allows for easy access to major interstates and highways, with direct routes to surrounding cities including Houston, San Antonio and Dallas. Mueller, The decision was made on July 27th during their earnings call. Austin Office Market Outlook: The long-term outlook is optimistic for Austin's office market as it enjoys a strong momentum and there are several high-profile office developments under construction or approved in the Central Business District riverside, the most notable of which include the SXSW office tower, Breckenridge, Shoal Creek Walk, 405 Colorado, and Third & Shoal. { can often help you negotiate below the quoted rate. Office Space for Rent – Updated for November 2020.