Austin 2019 Q2 Office Market Report

Availability continues to tighten, particularly in the CBD

Overall availability in Austin declined by 40 basis points over the quarter and by 170 basis points year over year, to 11.0% in the second quarter of 2019. In comparison, the average Class A availability rate declined by 90 basis points over the quarter and 190 basis points year-over-year, to 10.4%. Options are slimmer in the CBD submarket, with CBD and suburban market availability rates currently at 9.4% and 11.4%, respectively. Class A space is particularly tight in the CBD, with current availability of just 9.1% - a 260-basis-point decrease over the year. 

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