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Austin's downtown office rent growth among highest in U.S. submarkets Austin's downtown office rent growth among highest in U.S. submarkets https://www.recenter.tamu.edu/news/newstalk-texas/?Item=238842020-02-14T06:00:00Z2020-02-17T17:00:00Z

AUSTIN – Only six submarkets—all in the San Francisco Bay area—have had higher rent growth than Austin's Central Business District since 2007, according to CoStar Group Inc.

Graph of highest rent growth from CoStar GroupOver the last 13 years, the metro's central business district saw an 80 percent increase in office rents downtown.

In the last year, it had 5.2 percent rent growth because of low vacancies and a low unemployment rate of 2.6 percent.

Because of these factors, Austin is currently building the most office space in the country based on percentage of inventory.

Ten million sf of office space is under construction, which is more than 9 percent of the total inventory.

Texas logoThe Real Estate Center has more office news for Austin-Round Rock:

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