Highlights
- The average rent for office space in Austin is $45.88 per square foot, 0.17% lower compared to the previous year.
- The market’s vacancy rate stands at 27.90%, higher than the state average of Texas, which is 17.16%.
- Renting Class A/A+ office space here costs $52.40 per square foot, while Class B averages $35.20 and Class C stands at $31.36.
- 1,789,389 square feet is currently under construction.
2025 Office Space Rent & Sales
- $45.88 2025 Avg. Asking Rent
- -0.17% Y-o-Y Avg. Asking Rent Change
- 27.90% 2025 Office Vacancy Rate
- $749.4M2025 Total Office Sales
- $200.53Avg. Sale Price/SF
What is the average asking rent price for office space in Austin?
Average asking rents for office space here stand at $45.88 per square foot. The local office market recorded an average vacancy rate of 27.90% in 2025, unchanged from 27.90% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $749.4M across 34 sales. These transactions commanded an average sale price per square foot of $200.53.
Austin, TX Office Asking Rents by Class
What is the average office rent per square foot by property class in Austin?
- Avg. Asking Rent Class A & A+$52.40
- Avg. Asking Rent Class B$35.20
- Avg. Asking Rent Class C$31.36
The average asking rent for Class A and A+ office space stood at $52.40 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Austin averaged $35.20 per square foot, while the average for Class C space was $31.36 per square foot.
What is the average office rent per square foot by property class in TX?
- Avg. Asking Rent Class A & A+$39.66
- Avg. Asking Rent Class B$24.95
- Avg. Asking Rent Class C$20.18
For comparison, the average rent for Class A and A+ office space in Texas was $39.66 per square foot. The state-wide average for Class B space was $24.95 per square foot, and Class C office spaces averaged $20.18 per square foot.
Austin, TX Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| West Central | $60.03 | 8.47% |
| East | $59.35 | 34.59% |
| Downtown | $57.79 | 32.41% |
| South | $42.32 | 22.98% |
| North | $42.08 | 19.68% |
| Cedar Park | $42.02 | 28.40% |
| Southwest | $41.98 | 22.12% |
| Northwest | $39.61 | 31.73% |
| Central | $34.34 | 20.30% |
| Southeast | $33.21 | 12.12% |
| Northeast | $30.84 | 42.65% |
| Hays County | $28.07 | 25.08% |
| Round Rock | $24.99 | 14.52% |
2025 Office Sales Volume
- $200.532025 Avg. Price per SF
- -46.94%Y-o-Y Avg. PpSF Change
- $749.4M2025 Office Sales Volume
- 342025 Number of Transactions
What is the average sale price per square foot for office space in Austin?
Average sale prices for office space in this market recorded a -46.94% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $200.53 per square foot. For comparison, the statewide Texas average during the same time period stood at $180.25 per square foot, while the national average was $182.48 per square foot.
Austin, TX Sale Price per SF Trend
- Austin Avg. Sale Price per SF in 2025$200.53
- Texas Avg. Sale Price per SF in 2025$180.25
What was the total office sales volume in Austin in 2025?
The local office market recorded 34 deals in 2025, adding up to a yearly sales volume of $749.4M.
- Austin, TX Total Office Sales Volume in 2025 $749.4M
- Austin, TX Total Number of Office Sales Closed in 2025 34
What were the largest office building sales in Austin in 2025?
The market’s largest transaction last year was the sale of Davis Springs Spectrum Business Park - 9900 Spectrum Drive for $37,750,000 on 3/31/2025. The next-highest sale was the transaction involving University Park, which traded for $26,200,000. The third-largest transaction was the sale of 1112 West Ben White Blvd for $7,140,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Davis Springs Spectrum Business Park - 9900 Spectrum Drive | 9900 Spectrum Drive | 3/31/2025 | $37,750,000 |
| University Park | 3300 North Interstate 35 | 5/7/2025 | $26,200,000 |
| 1112 West Ben White Blvd | 1112 West Ben White Blvd | 6/30/2025 | $7,140,000 |
2025 Office Construction in Austin, TX
- Austin, TX Total SF completed in 2025 1,218,007
- Austin, TX Total SF under construction in 2026 1,789,389
How much office space was built in Austin in 2025?
Looking forward, development activity in 2026 is estimated to add 1,789,389 square feet of office space to the market in total.
What are the largest recent office completions in Austin?
The largest recent office completion here is The Republic at 833,145 square feet, completed in 2025. The next largest completions are The Republic and Waterline.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Waterline | 98 Red River Street, 78701 | 703,000 | 2026 |
| The Collective East | 7000 Johnny Morris Rd, 78724 | 152,000 | 2026 |
| Workbench | 2422 East 7th Street, 78702 | 48,000 | 2026 |
| The Republic | 401 West 4th Street, 78701 | 833,145 | 2025 |
| The Republic | 401 W 4th Street, 78701 | 816,560 | 2025 |
| The Bouldin | 1301 South Lamar Blvd, 78704 | 133,867 | 2025 |
| Alto | 924 East 7th Street, 78702 | 108,855 | 2025 |
| Zilker Point | 218 South Lamar Blvd, 78704 | 209,851 | 2024 |
| 1301 SOUTH LAMAR | 1301 South Lamar Boulevard, 78704 | 138,996 | 2024 |
| 9500 West Parmer Lane - Building 1 | 9500 West Parmer Lane, 78717 | 33,669 | 2024 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.