To begin your Austin office space search, first you must determine the type of space that you are looking for. Optimize your search results to find the best offices for you. After you've created a list, reach out to the listed brokers for viewings or to negotiate lease agreements. Austin has 103 commercial and industrial properties for rent. The following guidelines will assist you in determining the best rates to rent your space.
Major redevelopment projects are underway in Austin, including the construction of mixed-use, commercial, and retail areas. The Austin Business Journal says that the city boasts over 1700 listings for commercial property. This is lower than what is the national median. The city is considered one of the most economically viable in the United States. Subleasing is an option for small businesses. These spaces are fully furnished and ready to be moved in. Look into plug-and–play spaces, which offer shorter lease terms.
In the Austin leasing market, you'll find a number of building options in the city's downtown area. Prices will vary according to the type of building. Class A buildings offer amenities such as conference rooms, lobbies, etc. and are often located in the heart of central business district. While not as lavish, buildings in the Class B category are usually well-maintained with decent decor. What you like will dictate the size of your space.
There are many choices for Austin office space. While there are many high-quality office buildings that are Class A in the area, many small spaces are available to rent. Your search should begin with determining your office space needs and optimizing your search results. The next step is to create a shortlist if you are keen on the office space. You can then contact agents who have listings and arrange for a viewing in order to start leasing negotiations. There are currently two dozen active listings, 108 for office space, 248 for retail space, 372 for industrial space, 4 for warehouse space, and 248 for retail.
There are several different options for office space in Austin, Texas. N Lamar Blvd and W Cesar Chavez St are the intersections of Austin CBD. Lady Bird Lake is also located in this area. Prices are typically $60 to $75 per square foot in the CBD, and the most expensive spaces are in the West End, Southwest, and Central Austin. South Congress Avenue in Downtown and Eastside can be found office spaces. Although these are great options for small businesses and individuals, there is also plenty of office space available in other nearby communities.
Consider parking fees and other costs when you are looking to rent office space in Austin. Although parking is expensive in Austin CBD, employee parking rates are very affordable. Choose a building with no employee parking charges if you do not want to have employees park in your driveway. If you are looking to build a new office, don't forget about furniture.
Austin is experiencing a rise in sublease inventories. A majority of the new office space can be found in large blocks. This makes it more difficult to find space. In the following six months, we will see an increase of sublease stock. Before the pandemic, tenants would have to fight for the best spaces. But this is now changing. There are now more large blocks of space being put on the market.
