Austin, TX office market
Austin office trades reflect sharp bifurcation, with well-leased core Class A high-rises commanding institutional pricing while secondary assets trade at steep discounts. Closed sales across the metro range from $127 to $733 per square foot, averaging approximately $397 per square foot. Transaction data covers the broader Austin metro due to the citywide target scope.
What's driving Office prices in Austin
Austin office values remain bifurcated with severe discounts on commodity space while premier trophy towers hold pricing.
- Elevated metro vacancy above 24% pressuring commodity office values
- Strong institutional flight to quality favoring fully leased Class A towers
- Dramatic slowdown in new construction starts curbing forward supply additions
Market intelligence
Tracking this market · 6 comps · latest deal Jul 2026.
This quarter: 0 comps added to our corpus in Q4 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum FlatPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Austin's municipal boundary, coloured to match the momentum read above.
Recent Office comps in Austin, TX
| Address | Date | Type | Size (SF) | Class | Floor Plate | Price / Rate | $/SF | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|
| 405 Colorado St, Austin, TX 78701 news | Jul 2026 | Sale | 206000 | Class A | 18,000 SF | $151,000,000 | $733 | Multi-tenant, 100% occupied | 2021 |
| 111 Congress Ave, Austin, TX 78701 news | Jul 2026 | Sale | 503300 | Class A | 17,790 SF | $208,000,000 | $413 | Multi-tenant, 84% occupied | 1987 |
| 3300 N Interstate Hwy 35, Austin, TX 78705 news | May 2025 | Sale | 206657 | Class A | 25,832 SF | $26,200,000 | $127 | Multi-tenant, 20% occupied | 2008 |
| 9900 Spectrum Dr, Austin, TX 78717 news | Mar 2025 | Sale | 206000 | Class B | 103,000 SF | $37,750,000 | $183 | Owner-user | 1995 |
| 601 W 2nd St, Austin, TX 78701 news | Dec 2024 | Sale | 804000 | Class A | 22,971 SF | $521,800,000 | $649 | Single-tenant NNN - Google | 2022 |
| 1501 S MoPac Expy, Austin, TX 78746 news | Nov 2024 | Sale | 386000 | Class A | 50,000 SF | $107,600,000 | $279 | Owner-user | 1999 |
| Median of 6 recent sales · $346/SF | $346 | ||||||||
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Other markets
Figures are automated estimates derived from public listings, records, and brokerage announcements for Austin, TX, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.