As the Northwest Austin office space for lease market continues to change, it is important to stay up to date on the current market trends.
Of all the suburban submarkets of Austin office space, the Northwest Austin office space market has remained among the most in demand. The Northwest Austin office space market currently consists of 204 multi-tenant office buildings with a total of over 13 million square feet of office space.
The average vacancy rate for Northwest Austin office space is 8.8% and the average lease rate is $26.80/sf. These rental rate averages range from approximately $22/sf for Class C office space to over $30/sf for Class A NW Austin office space.
The Northwest Austin office space market appeals to many due to the rugged beauty of the Hill Country in which it resides, along with easy access to major roadways such as the Capital of Texas Highway (Loop 360), the MoPac Expressway (Loop 1), Highway 183, and the Ranch to Market Roads 2222 and 620. The Domain and The Arboretum are two major economic epicenters in Northwest Austin, acting as regional malls and ample amounts of nearby office space. The Northwest Austin office space market encompasses a large part of Travis County and enters into Williamson County as well.
For more information on current office space availabilities or the Tenant Representation Services that can help you navigate the Northwest Austin office market, simply contact us by phone or email. If you are trying to find Northwest Austin office space for lease, please fill out the “Free Commercial Space Survey” to get a customized list of the Northwest Austin office space that best fit your needs.