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As the Southwest Austin office space for lease market continues to change, it is important to stay up to date on the current market trends.
Among the suburban submarkets of Austin office space, the Southwest Austin office space market includes some of the highest demographic areas of Austin, TX. With office space options fronting Lake Austin and offering majestic views of the Hill Country, it is easy to see why office space in SW Austin is in high demand. The Southwest Austin office space market currently consists of 164 multi-tenant office buildings with nearly 8.5 million square feet of office space.
The average vacancy rate for Southwest Austin office space is 6.4% and the average lease rate is $29.92/sf. These rental rate averages range from approximately $20/sf for Class C office space to over $36/sf for Class A SW Austin office space.
As stated before, the Southwest 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), Southwest Parkway, Ranch to Market Road 620, and Texas Highways 290 and 71. The Hill Country Galleria is one of the major shopping hubs in Southwest Austin, with plenty of attractive and desirable office space spread throughout the market. The Southwest Austin office space market encompasses a large part of Travis County and enters into parts of Hays County and Burnet County as well.
For more information on current office space availabilities or the Tenant Representation Services that can help you navigate the Southwest Austin office market, simply contact us by phone or email. If you are trying to find Southwest Austin office space for lease, please fill out the “Free Commercial Space Survey” to get a customized list of the Southwest Austin office space that best fit your needs.