As the Class A Austin office space for lease market continues to change, it is important to stay up to date on the current market trends.
The quality of an office building is separated into the three classes of A, B, and C. Class A office buildings typically offer the most on-site amenities, very pleasing aesthetics, great location, but have the highest price tag to match.
The type of tenants that occupy Class A Austin office space vary from well-established law and investment firms to Fortune 500 and rapid growth tech companies. If a company needs quality curb appeal to impress clients, odds are Class A office space would suit their needs best.
Currently, Austin, TX has 188 multi-tenant Class A office buildings with a total inventory of over 23 million square feet of office space. The market-wide vacancy is approximately 9% with an average asking rate of $31.72/sf. The actual rental rates will vary by location among many other factors.
For more information on current office space availabilities or the Tenant Representation Services that can help you navigate the Class A Austin office market, simply contact us by phone or email. If you are trying to find Class A Austin office space for lease, please fill out the “Free Commercial Space Survey” to get a customized list of the Class A Austin office space that best fit your needs.