Office & industrial real estate market

Corporate real estate opportunities abound for growing companies with long-term expansion plans. Thanks to a continuing supply of office and industrial space and a wide variety of environmental characteristics, the region can accommodate nearly any operation, large or small. With much of Austin’s development occurring over the past decade, facilities are modern and attractive. Class A office space is available in a vibrant downtown as well as a variety of suburban markets. In addition, the area has several campus-style facilities that are available for lease.

The Austin Chamber can help your company locate the site that fits your needs.

Office real estate market, 2022 Q2
INVENTORY
(SQ. FT.)
VACANT
(SQ. FT.)
VACANCY
RATE
RENTAL
RATE
All MarketsClass A
51,597,024
6,933,202
13.4%
$46.89
Class B
59,033,391
8,519,092
14.4%
$33.40
Class C
14,729,085
577,302
3.9%
$29.48
Total
12,5448,996
16,037,208
12.8%
$40.30
DowntownClass A
12,255,665
1,839,227
15.0%
$61.28
Class B
6,142,255
470,980
7.7%
$46.00
Class C
2,454,703
54,024
2.2%
$38.09
Total
20,852,623
2,364,231
11.3%
$57.94
SuburbanClass A
39,341,359
5,093,975
12.9%
$41.40
Class B
52,891,136
8,048,112
15.2%
$32.35
Class C
12,274,382
523,278
4.3%
$28.43
Total
104,596,373
13,672,977
13.1%
$36.38
Industrial real estate market, 2022 Q2
INVENTORY
(SQ. FT.)
VACANT
(SQ. FT.)
VACANCY
RATE
RENTAL
RATE
Flex
22,994,638
1,005,340
5.1%
$16.20
Warehouse/manufacturing
101,070,679
3,379,721
3.6%
$11.20
Total industrial
124,065,317
4,385,061
3.9%
$12.41

Note: Additional office and industrial real estate market data is available via the Chamber's Economic Indicators page.

Source: CoStar.