HPI News

How high can it go!? Q1 2016 Austin Office Market Update

The Austin Office Market seems unshaken by the mixed economic conditions prevalent in the first quarter of 2016. Occupancy and rental rates continue to rise leaving fewer options for expanding companies. Over 1.5 million square feet of new offices are under construction; however, much of this space has been committed well before the buildings are completed. For example, 5th + Colorado is still under construction and is expected to deliver in January 2017, but is already 100% committed. 
Q1 2016 Austin Office Market Overview
WHAT DOES THIS MEAN FOR YOUR COMPANY?
  1. Start the leasing process VERY early
  2. Develop real alternatives for leverage
  3. Explore "outside-the-box" workplace options
  4. Proactively anticipate hurdles
Are you thinking about space for your company?  We're experts in representing growth companies — and we love to get creative with real estate solutions. Contact us today and we'll get to work on your perfect office plan.