What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Austin commercial real estate market incorporates 141,382,477 square feet of office space across 1,213 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Austin, the coworking segment of the commercial real estate market incorporates about 57,843 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Austin commercial real estate market includes 43,014,256 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Austin market, there is a total of 61,416,788 square feet of industrial property.

What types of commercial real estate are available in Austin, TX?

The largest share of commercial real estate space for lease in Austin is represented by Office space , which accounts for 30,211,448 square feet of available listings. Industrial space available in Austin adds up to 7,999,185 square feet.

What factors affect the price of commercial real estate in Austin, TX?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Austin, TX?

The average rent for commercial real estate space listed for lease in Austin is $27.79 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Austin can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $41.51 per square foot, industrial space in Austin saw average rents of $15.69 per square foot.

What are the best areas for commercial real estate in Austin, TX?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Austin, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Austin is in the Downtown Austin neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Austin area . Meanwhile, retail space opportunities are most abundant in the Downtown Austin submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Promontory Point . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $53 per square foot. In particular, the property type commanding the highest lease rates in Austin was Retail space. Conversely, the highest sale price last year was $108,000,000 that is located at 1000 Red River Street.

What is the average size of a commercial property in Austin, TX?

The average size of a commercial property in Austin depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Austin, the average size of an office property is 125,562 square feet. Retail properties here incorporate an average of 70,515 square feet. Industrial space in Austin is in buildings that are, on average 166,441 square feet in size.

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2,358 Commercial Real Estate Listings in Austin, TX

CRE Market Stats

25% off Congress at 5th
Spaces
501 Congress Avenue Suite G-100, A-125, 150, 200, 550, Austin, TX
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Business lounge

Catering

Complimentary coffee & tea

High-speed wifi

Mail services

Parking

Window view
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North MoPac
Regus
7000 North MoPac Expressway 2nd Floor, Austin, TX
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Hill Country Galleria

12528 West State Highway 71, Bee Cave, TX
For Lease

$20.00/SF/YR
Property

Retail

713,000 SF
Availability

1 Space

18,585 SF
Year Built

2009
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Hancock Center

1000 East 41st Street, Hancock, Austin, TX
For Lease

Contact for pricing
Property

Retail

257,437 SF
Availability

2 Spaces

5,006 SF
Year Built

1963
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Centre I

3103 Bee Caves Road, Bee Cave Woods, Austin, TX
For Lease

$30.00/SF/YR
Property

Office

39,903 SF
Availability

2 Spaces

5,200 SF
Year Built

1983
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Lake Pointe I

11612 FM 2244 Road, Apache Shores, Austin, TX
For Lease

Contact for pricing
Property

Office

30,480 SF
Availability

1 Space

8,302 SF
Year Built

2000
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4301 Willow Springs Road

4301 Willow Springs Road, South Congress, Austin, TX
For Lease

Contact for pricing
Property

Industrial

11,200 SF
Availability

1 Space

11,280 SF
Year Built

1953
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Las Cimas IV

900 South Capital of Texas Hwy, Bee Cave Woods, Austin, TX
For Lease

Contact for pricing
Property

Office

138,008 SF
Availability

3 Spaces

15,121 SF
Year Built

2007
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Rialto I

7500 Rialto Blvd, Oak Hill, Austin, TX
For Lease

$29.00/SF/YR
Property

Office

77,755 SF
Availability

4 Spaces

14,777 SF
Year Built

2002
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1309 Chestnut Ave Unit B

1309 Chestnut Ave Unit B, Chestnut, Austin, TX
For Lease

$3,000.00/MO
Property

Office

1,200 SF
Availability

1 Space

1,200 SF
Year Built

2002
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7701 Colton Bluff Springs Rd

7701 Colton Bluff Springs Rd, Bluebell Ridge, Austin, TX
For Lease

Contact for pricing
Property

VacantLand

1,080 SF
Availability

7 Spaces

11,200 SF
Year Built

1966
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15,000 sqft private industrial warehouse for rent in Austin

9300 Brown Lane, Harris Branch, Austin, TX
For Lease

$23,550.00/MO
Property

Industrial

15,000 SF
Availability

1 Space

15,000 SF
Year Built

1983
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823 Congress

823 Congress Avenue, Downtown Austin, Austin, TX
For Lease

Contact for pricing
Property

Office

181,381 SF
Availability

11 Spaces

41,311 SF
Year Built

1970
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The Exchange Building

8407 Wall Street, Promontory Point, Austin, TX
For Lease

$14.00/SF/YR
Property

Office

109,315 SF
Availability

12 Spaces

206,351 SF
Year Built

1985
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Lost Creek Point

1114 Lost Creek Blvd, Bee Cave Woods, Austin, TX
For Lease

$21.00 - $22.00/SF/YR
Property

Office

76,372 SF
Availability

5 Spaces

17,106 SF
Year Built

1983
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Stassney Crossing

5717 South Interstate 35, Franklin Park, Austin, TX
For Lease

Contact for pricing
Property

Retail

37,325 SF
Availability

3 Spaces

8,770 SF
Year Built

2013
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Lucksinger Lane Office Condo

4507 Lucksinger Ln, South Congress, Austin, TX
For Sale

Contact Broker
Property

Office

6,215 SF
Year Built

2024
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Premier 2± AC Multifamily Development Site

5916 N Lamar Blvd, Brentwood, Austin, TX
For Sale

Subject To Offer
Property

VacantLand

3,026 SF
Year Built

1972
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311 East St. Elmo Road

311 East St. Elmo Road, South Congress, Austin, TX
For Lease

$12.00 - $19.00/SF/YR
Property

Industrial

34,800 SF
Availability

2 Spaces

5,590 SF
Year Built

1984
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Austin Oaks - Cross, Colorado & Proctor

7718 Wood Hollow Drive, Northwest Hills, Austin, TX
For Lease

Contact for pricing
Property

Office

121,248 SF
Availability

1 Space

1,621 SF
Year Built

1977
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2008 Rosewood Ave

2008 Rosewood Ave, Rosewood, Austin, TX
For Sale

$900,000
Property

VacantLand
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One Highland Center

314 East Highland Mall Blvd, Highland, Austin, TX
For Lease

$28.00/SF/YR
Property

Office

68,292 SF
Availability

14 Spaces

20,736 SF
Year Built

1972
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Lakehills Plaza

4211 South Lamar Blvd, South Lamar, Austin, TX
For Lease

Contact for pricing
Property

Retail

76,022 SF
Availability

2 Spaces

3,845 SF
Year Built

1980
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Centennial Towers

505 East Huntland Drive, Highland, Austin, TX
For Lease

Contact for pricing
Property

Office

156,293 SF
Availability

9 Spaces

34,715 SF
Year Built

1984
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GALLERIA OAKS B

13215 Bee Cave Pkwy, Bee Cave, TX
For Lease

$26.50/SF/YR
Property

Office

73,964 SF
Availability

1 Space

1,638 SF
Year Built

2017
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312 Medical Parkway Bldg E

312 Medical Parkway Building E, Lakeway, TX
For Lease

$45.00/SF/YR
Property

Office

15,652 SF
Availability

1 Space

2,000 SF
Year Built

2023
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	17,004,652 Sq. Ft.	12.79%
100k to 500k Sq. Ft.	72,047,746 Sq. Ft.	54.19%
500k to 1M Sq. Ft.	23,324,868 Sq. Ft.	17.54%
> 1M Sq. Ft.	12,708,105 Sq. Ft.	9.56%

Class	Total Square Feet	Share of Total Office
Class A+	7,130,760 Sq. Ft.	5.36%
Class A	53,680,383 Sq. Ft.	40.37%
Class B	34,817,700 Sq. Ft.	26.19%
Class C	3,289,108 Sq. Ft.	2.47%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	14,269,891 Sq. Ft.	20.01%
100k to 500k Sq. Ft.	34,123,573 Sq. Ft.	47.85%
500k to 1M Sq. Ft.	3,254,742 Sq. Ft.	4.56%
> 1M Sq. Ft.	13,294,914 Sq. Ft.	18.64%

Class	Total Square Feet	Share of Total Industrial
Class A	39,147,375 Sq. Ft.	54.89%
Class B	23,637,275 Sq. Ft.	33.14%
Class C	1,627,850 Sq. Ft.	2.28%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	9,236,123 Sq. Ft.	21.76%
100k to 500k Sq. Ft.	21,281,045 Sq. Ft.	50.14%
500k to 1M Sq. Ft.	4,336,890 Sq. Ft.	10.22%

City	Property Type	Count of Listings	Total SF
Austin, TX	Office	723	30,211,448
Austin, TX	Retail	245	1,799,828
Austin, TX	Industrial	164	7,999,185
Austin, TX	Other	1,153	208,254,559

2,358 Commercial Real Estate Listings in Austin, TX

Austin, TX Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Austin, TX?

What factors affect the price of commercial real estate in Austin, TX?

What is the average rent for commercial space in Austin, TX?

What are the best areas for commercial real estate in Austin, TX?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Austin, TX?

Austin, TX Commercial Real Estate Inventory Breakdown

Total Office Space in Austin: 132,963,949 Sq. Ft.

Total Industrial Space in Austin: 71,319,230 Sq. Ft.

Total Retail Space in Austin: 42,440,846 Sq. Ft.

Austin, TX Currently Available Listings

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