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=63452013-09-17T09:47:00Z2013-09-16T00:00:00Z

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.

Class A CBD Office Rents
  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.

Sage Group Appraisal Network
Austin-Round Rock
http://www.sageappraisalnetwork.com/newsletter/texas_real_estate_update_july_2013.pdfRead more at {Source}

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