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 18680 BC $0
North Central 10870 A $26
North Central 97330 BC $20
Southeast 14650 A $26
Northwest 94640 BC $21
CBD 45051 BC $24
Northwest 94650 BC $18
North Central 19850 A $0
CBD 76031 A $42
Southeast 76150 A $23

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 - 150,000
CBD 0 - 150,000
Northeast 0 - 150,000
Northwest 0 - 150,000
Northeast 0 - 150,000
Northwest 0 - 150,000
South 150,000 - 300,000
Southwest 150,000 - 300,000
Southwest 0 - 150,000
Southwest 0 - 150,000
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%