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CBRE sheds light in Austin tech submarketsCBRE sheds light in Austin tech submarketshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=162082017-04-07T05:00:00Z2017-04-07T19:35:00Z

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AUSTIN – Office sublease availability is on the rise. Here are some quick facts you’ll want to know:

  • Austin’s available office sublease space grew to 1.3 million sf in 1Q 2017. 

  • Sublease availability increased from 1.9 percent to 2.7 percent of the total office market from 3Q 2016 to the present quarter.
     
    Although not a troubling trend, CBRE Research will continue to follow the office sublease market closely. 

  • Tech firms located in the Northwest, Southwest, and CBD submarkets have unloaded the majority of space on the sublease market. 

  • Occupiers are marketing subleases primarily due to space contraction but secondarily to growth. 

See the full report here.

CBRE
Austin-Round Rock
Office
https://f.tlcollect.com/fr2/417/21214/MarketFlash_Austin_Sublease_3.23.2017.pdf

​Want ​more data? See Austin Office Market Research. 

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