Sage Group: 2Q Class A office rental rates in Big FourSage Group: 2Q Class A office rental rates in Big Fourhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=63442013-10-16T08:29:00Z2013-09-16T00:00:00Z

HOUSTON, AUSTIN, SAN ANTONIO, DALLAS - The Texas commercial real estate market is steadily bouncing back and rental rates are a leading indicator of market. Below is Sage Group's review of Central Business District Class A office rental rate trends.

Class A CBD Office Rents
  Houston Austin San
2Q 2013 $23.68 $25.33 $19.82 $17.08
4Q 2012 $23.29 $24.11 $19.36 $17.57
4Q 2011 $22.98 $24.30 $20.33 $18.41
4Q 2010 $23.19 $23.67 $19.97 $19.28
4Q 2009 $25.49 $25.26 $19.63 $19.92

Houston, Austin and San Antonio rents are increasing, while Dallas remains in a declining trend. Current rental rates in Austin and San Antonio now exceed year-end 2009 levels.

With positive employment growth projected for all four cities, expect continued rental rate growth.

Sage Group Appraisal Network

Sage Group Appraisal Network
Houston-The Woodlands-Sugar Land
http://www.sageappraisalnetwork.com/newsletter/texas_real_estate_update_july_2013.pdfRead more at {Source}

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