Affordable office space Austin
Finding an affordable office space in Austin is sometimes no easy task. Obstacles go along with affordable offices is that you get or the office space may not be in high supply depending on the current market. Does that mean there are not gems out there? Some tenants feel that cheap office space is available, but having a realistic expectation for a low lease rate may or may not be a reasonable request.
Every 30 days, we update Austin-Office.com for you to find affordable office space under the Value Offices page . Cheap office space requires at least 2-3 year minimum term for a good broker to help you, you will save a lot of time and hassle plus you will have a professional to review your lease.
Keep in mind just cause you found a cheap office space , it doesn’t mean the lease you have signed or are going to sign is in good shape.
Examples of office space that we are tracking
March 2012: 878 SF range – $12.00 per square foot per year , Full Service!
2,818 SF for $10.43/ square foot plus $200 for expenses equates to $2450 per month for the first year, second year $2550 and third year at $2650 per month.
Can you find affordable office space below $1.00 per SF per year? Yes! Keep in mind that the base rates are quoted without NNN expenses (taxes, insurance and common area maint costs). The largest percentage of cheap office space is located currently in Southwest and East Central Austin based on overall rates for a variety of square footage. Minimum terms will apply figure at least a 3 year term, if you would like brokerage services to help you locate, negotiate, set up tours and review your lease agreement.
If you would like an overview of the Austin office space market, you can check outour homepage for average rates running in the Austin Texas area. You will want to make sure or your broker will make sure when you negotiate on your office space that there are no hidden costs, sometimes rates are quoted so low that is too good to be true.