Austin Texas:

Despite a slight downturn in employment, small business thrives in the area with many available options to grow, build and sustain businesses of all types. For those looking for office space in the area, prices rival many larger cities, but stay relatively close to the average. A recent survey of the commercial office property vacancies in the area yielded many results that start around $350 for small offices with many amenities, and larger spaces with warehouse adjacent storage and storefronts in prime locations at around $1 a square foot and less for more space. The city of Austin TX has been developing many real estate opportunities in and around the downtown area to help ease the growth that the city has been receiving from many new residents, businesses, and more. The sales tax rate is 8.25% which is not low, but it's fair which many local residents hope will draw companies to the area in turn helping to raise rental prices on Austin commercial properties. We also service commercial property in Dallas, Houston, and San Antonio.

Office Floor Plan:

A big decision to make when renting a Austin commercial property is what type of floorplan you need? If you rent a virtual office it won't matter, but if you are renting a temporary unit, an entire building, or just a private executive suite, you need to consider the property floor plan. Some simple ideas are do you need a layout meant for a call center, or maybe a conventional design for a medical office or attorney firm? Office workstations for example can be rented, but you must decide early on before you start moving furniture and cubicles. The interior of any Austin commercial property can be customized to hold 5, 10, or even 100 employees, but it does matter when you start thinking about bathrooms, parking, and all the other factors. Bottom line is to plan ahead before signing a lease on any commercial property in Austin Texas - save yourself a long term problem.

Austin Development:

The capital city of the state of Texas is Austin. It is ranked as the fourth largest city in the state of Texas and the 15th largest in the United States. It has been growing by leaps and bounds in recent years, and has been touted as being the third fastest growing large city in the United States. The estimated population of the city is around 757,688 and a greater metropolitan estimated population of around 1.7 million residents. The city has a deep tradition that dates back to the 1830’s, and is considered a part of the Wild West. The development of the city has been growing since 1839 and despite some economic downturns in the past, continues to move forward with industry, jobs, and so much more.

Austin Economy:

The economic picture of Austin is diverse but relies heavily on high technology. The housing costs in the area make it prime real estate for people looking for careers in technology, as it rivals the costs of Silicon Valley, which is much higher. The high concentration of tech companies in the area is massive, and gets fueled with lots of graduates from the nearby University of Texas computer science program. Some of the larger companies in the area include 3M, Apple, Google, Cirrus Logic, National Instruments, AMD, and many more. The unemployment rate is at around 8% and has seen a decline in recent months. Despite a high concentration of tech jobs in the area, it is not immune to the national economic downturn. Analysts are optimistic about the growth potential in the area.
The city of Austin has a good overall real estate outlook, and despite some drops in recent months, the area has relatively mid-level prices for homes. The median home values have remained around $175500 and $199900, which is relatively low given the opportunities that abound.

Politics / Climate:

The mayor of Austin is Lee Leffingwell. Leffingwell is a resident of Austin, the son of a firefighter and attended the University of Texas, majoring in Mechanical Engineering. He has also served in the United States Navy and was on active duty in the Vietnam War. He has a long lasting tradition of conservative values, and has been part of the political scene in Austin since 1999 after being a commercial pilot for Delta for 32 years.
Austin features a great overall temperate to hot climate. It varies wildly, but can be classified as humid subtropical in the summers, and mild in the winters. With temperatures never truly reaching too extreme, the area is a relatively “cool” place to live most of the year.