Commercial Real Estate Report - Austin, TX [Office]

Property Type

View market and submarket information on Office space in Austin, Texas. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Austin, Texas.

Boundaries

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Austin, TX - Entire Metro
Submarkets
South -190 bps  
Northwest -60 bps  
Northeast -50 bps  
North Central 20 bps  
Southwest 30 bps  
CBD 40 bps  
Round Rk/G'town 60 bps  
Southeast 140 bps  
 
 

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean -- 9.1% -- 5.1%
Median -- 9.1% -- 5.1%
12 Month Rolling 7.1% 7.2% 6.7% 6.7%

Commercial Real Estate News

Recent Rent Observations

Location ID Class Rent
Round Rk/G'town 93490 BC $23
Round Rk/G'town 42611 BC $25
North Central 65920 A $0
Southeast 69150 A $26
Northwest 76530 BC $24
Round Rk/G'town 72640 A $28
Northwest 94670 BC $23
CBD 77810 BC $20
CBD 75840 A $22
Northwest 77430 BC $25

Change From Previous Quarter

Market Rent Vac Inv
Austin 0.1% 10 bps 0.0%
Southwest Region 0.0% 0 bps 0.1%
United States 0.0% 0 bps -0.0%

Metro vs. Region 0.1% 10 bps 0.0%
Metro vs. US 0.1% 10 bps 0.0%

Latest New Construction Updates

Location Size
N/A 0 - 100,000
CBD 100,000 - 190,000
Northeast 0 - 100,000
Northwest 0 - 100,000
Northeast 0 - 100,000
Northwest 100,000 - 190,000
South 100,000 - 190,000
Southwest 190,000 - 280,000
Southwest 0 - 100,000
Southwest 0 - 100,000
View all Construction Projects

National Office Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Office Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
93. Oklahoma City, OK 16.8%
94. Baltimore, MD 17.0%
95. Harrisburg, PA 17.0%
96. Lancaster, PA 17.0%
97. Miami, FL 17.0%
98. Austin, TX 17.1%
99. Chico, CA 17.1%
100. Manchester-Nashua, NH 17.2%
101. Kansas City, MO 17.3%
102. Tulsa, OK 17.3%
103. Wilmington, NC 17.3%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Austin 0.3% 1,708 bps 1.0%
Southwest Region 0.7% 1,810 bps 0.9%
United States 0.6% 1,704 bps 0.9%

Metro vs. Region -0.4% -102 bps 0.1%
Metro vs. US -0.3% 4 bps 0.0%