Austin Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Partners Real Estate, Cushman & Wakefield, Avisonyoung, CBRE, Colliers, Newmark
Quarterly office market indicators for Austin, aggregated by PropZone from Partners Real Estate, Cushman & Wakefield, Avisonyoung, CBRE, Colliers, Newmark. As of Q1 2026, average asking rent was $36.92/SF.
Projected current office pricing — Austin
low confidenceProjected asking rent
$36.92/SF/yr
Estimated sale value
$261–$340/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.5%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $36.92/SF | — | — | — | Partners Real Estate |
| Q1 2026 | $49.56/SF | 27.1% | -186K SF | — | Cushman & Wakefield |
| Q1 2026 | $36.63/SF | 7.1% | 2K SF | — | Avisonyoung |
| Q1 2026 | $37.20/SF | 16.8% | 800K SF | — | CBRE |
| Q1 2026 | — | 18.7% | 114K SF | — | Colliers |
| Q4 2025 | $45.27/SF | — | — | — | Newmark |
| Q4 2025 | — | — | -3K SF | — | Cushman & Wakefield |
| Q3 2025 | $44.86/SF | — | — | — | Newmark |
| Q3 2025 | — | — | 77K SF | — | Cushman & Wakefield |
| Q2 2025 | $44.78/SF | — | — | — | Newmark |
| Q2 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | $45.07/SF | — | — | — | Newmark |
| Q1 2025 | — | — | -3K SF | — | Cushman & Wakefield |
| Q4 2024 | $41.09/SF | — | — | 2.0M SF | Newmark |
| Q4 2024 | — | — | -3K SF | 0K SF | Cushman & Wakefield |
| Q1 2024 | $38.98/SF | — | — | — | Newmark |
| Q4 2023 | $41.12/SF | — | — | — | Newmark |
| Q3 2023 | $25.00/SF | 15.5% | -1K SF | — | Cushman & Wakefield |
| Q3 2023 | $40.96/SF | — | — | — | Newmark |
| Q2 2023 | $40.95/SF | — | — | — | Newmark |
| Q4 2022 | $40.49/SF | — | -504K SF | 2.0M SF | Newmark |
| Q3 2022 | $41.27/SF | 18.0% | 435K SF | 832K SF | Newmark |
| Q2 2022 | $40.40/SF | — | 150K SF | — | Newmark |
| Q2 2021 | $56.30/SF | — | — | 7.0M SF | Newmark |
Frequently asked questions
- What is the average asking rent for office space in Austin?
- As of Q1 2026, the average asking rent for office space in Austin was $36.92/SF, per Partners Real Estate.
- What is the office vacancy rate in Austin?
- Vacancy data for Austin office is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does PropZone's Austin market data come from?
- This report aggregates quarterly office market data for Austin from Partners Real Estate, Cushman & Wakefield, Avisonyoung, CBRE, Colliers, Newmark.
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