Austin's Commercial Real Estate Trends: Opportunities for Investors
Posted by Ryan Rodenbeck on
Austin has rapidly evolved into a dynamic hub for innovation and commerce, attracting a diverse range of industries from tech startups to established corporations. The city's strategic location, combined with a robust infrastructure and a business-friendly environment, has made it a magnet for businesses seeking growth opportunities.
According to the Texas Real Estate Research Center, the Texas office market encompasses roughly 1.2 billion square feet of leasable space. This is equivalent to about 82 square feet for every payroll employee. In 2024, this inventory expanded by nearly eight million square feet, reflecting a 0.7% year-over-year increase. Across the state’s major metros, office rental rates ranged from $29 to $44 per square foot throughout…
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