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Downtown Austin office rents surpass L.A., ChicagoDowntown Austin office rents surpass L.A., Chicagohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=147232016-10-04T05:00:00Z2016-10-04T18:45:00Z

​​​​​​​​​​AUSTIN - As one of the most expensive markets in the country for leasing in trophy offices (more than 250,000 sf), the market is thriving according to JLL’s national Skyline Report.

Austin is now the No. 7 most expensive skyline market with a per-sf average lease rate of $53.67. 

The cost to lease in Austin’s premium properties now surpasses comparable space in major markets such as Chicago, Seattle, Los Angeles, and Miami.

Another interesting aspect of the Skyline Report? Where Austin lands in the office cycle, which has four positions: The rising phase, peaking phase, falling phase and bottoming phase. 

All major U.S. markets remain on the upward swing except Houston, which has just entered the falling phase.

Austin Business Journal
Austin-Round Rock
Office
http://www.bizjournals.com/austin/news/2016/09/28/downtown-austin-office-prices-now-higher-than-l-a.html

​Want more information on the Austin office market? Check out Austin Office Market Research​. ​

Click here to see the full 3Q 2016 ​​​Austin JLL Skyline report​.

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