Downtown Austin office space for lease rental rates have continually been on the rise over the past several years. The current average rental rate for downtown Austin office space on Congress Avenue is $48.11 per square foot gross. This has risen by over $6 per square foot in the past two years.
The vast majority of office space for lease on Congress Avenue is Class A, meaning that these buildings offer a great location, high end appearance, and ample amenities. Downtown Austin office space along Congress Avenue is ranked 7th as the priciest office space in the nation. This ranking is even above McKinney Avenue in Dallas and Louisiana Street in Houston.