How Much Does Nice Office Space Cost in Austin Tx?
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Austin, Tx is a great place for a startup company, especially for software companies. Awesome tech scene, great BBQ, music, and outdoor activities, and of course low cost of doing business along with great weather and nice people. The quality of life here is amazing with a very laid back culture. Austin, Tx is a very liberal town in the middle of a conservative Texas state so it looks and feels much different than other Texas cites.
Austin has 3 main industries: The State Capital & Government, The University of Texas, and Technology. Compared to other Texas cities such as Houston or Dallas Austin seems to have better quality developers.
The big question you maybe asking as a startup is………….how much does nice office space cost here and what are my options?
Currently for nice Class A office space in Austin rental rates are going to range from $35 to $60 sf gross. Obviously downtown Austin office rates are going to be the most expensive averaging $55 to $65 sf however if you are looking for a location where your employees can walk to restaurants and bars after work and get a feel for what the Austin vibe has to offer then downtown is where you want to be. The office space options range from old historic buildings to 20-30 year old office towers to a few brand new Class A office towers complete with the latest technology and amenities. Parking rates in downtown will range from $150 to $275 per space.
If you are looking for the least expensive office space options in Austin then you would need to consider Northeast and Southeast Austin where you will find rates ranging from $21 to $30 sf. The more West you go the more expensive office space will be in the suburban areas.
If you are not ready to sign a long term lease then you might consider some of the short term office space options such as Regus, Tech Space, WeWork, Industrious, Link Coworking.
If you would like help finding office space for rent in Austin give us a call at 512-861-0525 and we can help you find space that is within your ideal size, layout, budget, and timing.
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Source: Austin Tenant Advisors