Austin 2018 Effective Rent Index

EFFECTIVE RENT RISES, CONCESSIONS FALL SLIGHTLY

Takeaway

Tenants faced higher occupancy costs during 2017 as the region’s tech sector fueled steady demand in the CBD. Registering its sixth consecutive annual increase, effective rent for top-tier buildings pushed even higher into record territory. New construction in the Domain will offer tenants another set of high-quality office buildings in an amenity-rich setting, but rent in these properties is also very elevated. Tenants will face higher rent in 2018.

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