[ad_1]
AUSTIN, Oct 14, 2021 (GLOBE NEWSWIRE) – AUSTIN, Texas – Austin Tenant Advisors, a trusted authority on commercial real estate availability, location selection, pricing and negotiation, has released its cost and pricing guide for renting office space in downtown Austin as companies begin to plan a return to personal work. The comprehensive office space cost guide provides detailed information on each building with availability, making it easy for companies to make informed decisions based on their specific needs.
View the report on Central Business District Office Space in Downtown Austin here: https://www.austintenantadvisors.com/blog/office-space-cost-guide-downtown-austin-tx/
“As COVID-19 rose, the amount of available office space soared and stayed that way as many companies decided to postpone their return to office work until January 2022,” said Nathan Smith, owner of Austin Tenant Advisors. “As that time approaches, we will see an increase in office rental activity as companies begin to make plans to return to normal business. This has led to the first decline in available office space since the beginning of the pandemic. “
In the guide, Nathan Smith reports on 74 office towers in the Downtown Austin Sub Market. This number will change as soon as new office buildings are in the works. Office space for rent in Downtown Austin includes new space and short-term sublet options.
The cost per square meter is between $ 31 and $ 80. Austin Tenant Advisors Guide reports the average price per square foot is $ 59.36.
The updated Downtown Austin Cost Guide includes six properties that represent a variety of building types and cost categories with different features, amenities, and square feet including:
Frostbank Tower – 401 Congress Ave.
One of the most iconic and expensive high-rise office buildings in downtown Austin, this 33-story Class A building has 535,078 square feet of lettable space. The facilities include a 5,500 square meter fitness center with showers, a conference center with 50 seats, bicycle storage, restaurants and a café. This building attracts the most elite tenants including financial institutions, law firms, software companies, and real estate investment companies. One of the most expensive buildings in downtown Austin, rent is currently $ 79 gross per square meter.
600 Kongressstrasse.
Located in the center of downtown Austin, this building provides easy access to the entertainment district, old and new. Built in 1984 and remodeled in 2017, this is a 32-story Class A building with 503,951 square feet available. Facilities include on-site management, bicycle storage, a 3,700 square meter fitness center with showers and a café. It attracts a wide range of corporate and technology vendors, and the current offering price is $ 69 per square foot gross.
Capital Center – 919 Congress
This 15-story tower is one block from the state capital and offers 164,000 square meters of Class A office space. Built in 1984, amenities include a tenant lounge, conference room, and fitness room with showers. Nearby restaurants and cafes make this a desirable place. Tenants include lobbyists, law firms, financial institutions, and more. The average rent is between $ 58 and $ 65 per square meter, depending on the office location within the building.
515 Kongress-Allee.
Located in the heart of downtown Austin, this 1975 building was the second building to be taller than the State Capitol. The typical floor plan is 14,000 square meters on 26 floors with more than 258,000 rentable square meters. More than $ 16 million in improvements have been made to the tower, which now has a newly renovated lobby, elevators, conference center, bike room, fitness center, and private showers. Prices range from $ 71 to $ 72 gross per square meter.
823 Kongress-Allee.
This 16-story, 181,000-square-foot (181,000 square meter) property is the best value for money Class A office space in downtown Austin. The house, built in 1974, was renovated and today has a fitness area with showers and lockers, storage room, a common room for conference rooms and a tenant lounge. Just two blocks from the Capitol Building, it attracts lobbyists and law firms. The rent is currently $ 62 gross per square meter.
Perry Brooks – 720 Brazos St.
This historic building from 1954 has 12 floors and 137,709 square feet, which was renovated into a modern, energy efficient class A office tower in 2010. Just a few minutes’ walk from the state capital, Austin’s central business district and a variety of restaurants and hotels, floors 1 through 5 provide direct access to the parking garage with a parking ratio of USD 2.79 per 1,000 square meters rented. Office space costs about $ 62 gross per square meter.
“Now is the time for companies preparing to return to work in person to secure a spot in one of these coveted locations in downtown Austin,” said Smith. “It’s great to see the rental activity – a huge indicator that the worst of the pandemic is behind us and companies look forward to seeing employees interact face-to-face again.”
For more information on Austin Tenant Advisors, visit https://www.austintenantadvisors.com/office-space/
Via Austin Tenant Advisor
Austin Tenant Advisors is an independent, licensed, free real estate agent with more than 16 years of experience representing companies that rent office space in downtown Austin and the surrounding metropolitan area. The company’s mission is to help businesses find the ideal office space at the right price, taking into account the size, location, budget and schedule required. They provide an unmatched service in identifying the best locations for all needs and only represent tenants.
###
For more information on Austin Tenant Advisors, contact the company here:
Austin tenant advisor
Austin tenant advisor
(512) 861-0525
info@austintenantadvisors.com
1300 Guadalupe Street # 250
Austin, TX 78701
[ad_2]
