2018 Austin Office Market

2018 Austin Office Market Update

2018 ended with a bang for the Austin Texas office market. For the fifth consecutive year, Austin absorbed more than one million square feet. 500,000 additional SF were added in the fourth quarter of 2018 bringing the total office under construction to 4,913,727 SF. The average full service asking rate for the fourth quarter of 2018 was $36.64/SF – a record high. Q4, CBRE Research, Austin Office, 2018