Lease In Austin:

Austin Texas is one of the fastest growing cities in the United States. The city has been on the radar of technology for quite some time, and has been nicknamed, “Silicon Hills” for it’s high concentration of high tech companies. The estimated population of the city of Austin is around 757,688 and has a greater metropolitan population of around 1,705,075 residents. It is currently the third largest city in the state of Texas, and has a great appeal for its low cost of living, and great overall job development.  We can help you find the ideal commercial office space in Austin to rent or lease.  We also service commercial properties in Dallas, Houston, and San Antonio.

The unemployment rate of the city of Austin hovers around 7% and is only a little higher than the national average. Despite the economic downturns that the United States had in 2009, Austin was able to weather the storm relatively well, and generate jobs in both the public and private sector for many to take advantage of. The city boasts an employment growth rate of around 2.8% and is one of the fastest in the United States. The area is home to large number of large companies including, 3M, Apple Inc, Hewlett-Packard, Google, Applied Materials, Cirrus Logic, Cisco Systems and many more. There are many opportunities growing in tech, but also travel, pharmaceutical and biotechnology industries as well. The University of Texas is also situated within the city, employing several thousands in a variety of positions.

Office Space Rates:

The city has a large amount of Austin commercial office space options for those looking to house or grow a business in the area. The office and executive suite vacancy rate hovers around 19% and has yielded a lot of lower cost options for those looking to house a business. Some of the rates that were found in a recent search of the open area were $1 a square foot for 1,000 square feet and more, and roughly $2 and $3 a square foot for smaller locations. Some options include retail storefronts, warehouse space, and much more.  Renting an office in Austin is a good idea for any company (law firms, marketing and mortgage businesses, real estate and insurance agents, etc.) and whether you need a serviced office, a temporary or long term situation (furnished, with amenities) we can help.  If you want to learn more about the commercial office space market in Austin TX, please read our office articles.

The arts and culture scene in the greater Austin area is well documented. There are a great amount of characters and attractions to explore. In fact, it is the only major city in Texas that has no laws against women appearing topless in public. Many have adopted a local motto of, “Keep Austin Weird” and has been promoted through a wide variety of media outlets. In a recent survey, it was found that the area has one of the highest contributions to blogs and websites than any other U.S. metropolitan city. They also have the highest Internet usage of all of Texas. The tourism industry is alive and well and the city hosts many events that generate a lot of national attention. Some of the big events that happen in the area include, Eeyore’s Birthday Party, Austin Reggae Festival, Art City Austin, Carnaval Brasileiro, the Pecan Street Festival, Austin City Limits Music Festival, and many more. The city is also known for large musical festivals and is dubbed, The Live Music Capital of the World.

Colleges/Taxes:

The local sales tax rate in the city of Texas is roughly 8.25% and the average property tax rate is 2.75%. There are variables that contribute to differences in tax rates between county lines, but it’s generally seen as a low cost of living city.  The low taxes that companies pay in Austin in one reason that commercial office space in Austin is usually pretty steady.

The city offers a large amount of higher education choices for those looking to get an education in the area. Some of the colleges that call the area home include, Huston Tillotson College, Austin Community College, University of Texas at Austin, Concordia University, and many others. You’ll find a great resource for higher learning in the area.