Sep 16, 2013
Sage Group: 2Q Class A office rental rates in Big Four
AUSTIN, HOUSTON, SAN ANTONIO, DALLAS - The Texas commercial real estate market is steadily bouncing back and rental rates are a leading indicator of market, according to Sage Group's second...
AUSTIN, HOUSTON, SAN ANTONIO, DALLAS – The Texas commercial real estate market is steadily bouncing back and rental rates are a leading indicator of market, according to Sage Group’s second quarter 2013 office statistics.
The following is a summary of the Central Business District Class A office rental rate trends.
| Austin | Houston | San Antonio | Dallas | |
| 2Q 2013 | $25.33 | $23.68 | $19.82 | $17.08 |
| 4Q 2012 | $24.11 | $23.29 | $19.36 | $17.57 |
| 4Q 2011 | $24.30 | $22.98 | $20.33 | $18.41 |
| 4Q 2010 | $23.67 | $23.19 | $19.97 | $19.28 |
| 4Q 2009 | $25.26 | $25.49 | $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.
Read more at Sage Group Appraisal Network.
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