“True representation can’t have any hidden biases or conflicts. Our conflict-free model gives us the ability to speak freely without anything getting in the way of what’s best for the client.”
The Austin office market has been one of the healthiest in the country this cycle. Job growth, as well as absorption, remains strong, and developers seem to be well aware of Austin’s story. Nearly 4 million SF has been delivered in the Austin market over the past year, with about 5 million SF currently under construction. Vacancies are as low as they’ve been since the tech boom in the early 2000s, and there are very few big blocks of space on the market today. This has led companies like Google, Facebook, and Indeed to pre-commit to large spaces, often entire buildings in new developments, one to two years in advance. These big name companies are also heavy users of the growing amount of WeWork space around the city as well. Still, with all the new development, absorption is on pace with deliveries and vacancies are not expected to radically increase in the coming years. Healthy fundamentals have caused rents to grow at a record pace throughout the market. Rent prices have approached 8% annual growth at multiple points but have backed off more recently, registering about 4% over the past year. The tech industry is the wild card here—if the nation enters a tech-driven recession, the office market could suffer as businesses across the country cut IT spending.
View our infographic on the 2019 Q1: Austin Office Market + Commercial Real Estate report for a more in-depth look at the Austin market. Available for download here: AOS 2019 Q1 Infographic
Choosing whether to renew or relocate is a big business decision. AOS can create leverage with current and prospective landlords, making THEM compete for YOUR business. Our job is to get you the best terms possible.
View our 2018 Q4 + Year-End Review: Austin Market + Commercial Real Estate report for an update on the Austin market. Available for download here: AOS 2018 Q4 Infographic
View our 2018 Q3 Review: Austin Market + Commercial Real Estate report for an update on the Austin market. Available for download here: AOS 2018 Q3 Infographic
View our 2017 Q4 & Year End Review: Austin Market + Commercial Real Estate report for an update on the Austin market. Available for download here: AOS 2017 Q4 Infographic.
View our 2017 Q3 Review: Austin Market + Commercial Real Estate report for an overview of the state of the Austin commercial real estate market.
In Austin, we have seen tenants competing for the best spaces because finished spaces that are move-in ready are very limited. The other options in the market often need significant construction to create the open, creative aesthetic modern tenants are seeking. High construction prices and the long lease terms required by landlords for turnkey buildouts don’t match the needs of high growth tenants. Our strategies to mitigate these effects on our clients are to start the search process early, expand the search parameters to bring in more options, negotiate with multiple properties simultaneously, and to make sure our clients are ready to take swift action to close the transaction for their desired space. We can’t create options that are not there, but can guide our clients to quickly secure the option that best meets their individual needs.
We predict rates to continue to rise throughout 2017 and 2018 as demand stays strong and construction prices high. We suggest that our clients start their Austin office space search and negotiation very early to get the best results in this competitive environment.
If your office lease is expiring within the next 12 months, it is time to start actively making plans. Feel free to call us to discuss your unique situation over the phone and we can help you map out the appropriate timeline for your new office search or rent negotiation.
AOS is excited to announce its partnership with Exis Global Tenant Representation. As a member of Exis, a global commercial real estate organization committed exclusively to representing tenants, we have partnered with some of the world’s most respected independent tenant representation firms so that we can provide our clients access to global, commercial real estate services.
Based on 22 reviews
Austin Office Space, Inc.
This review has been due for months. Frankly, my staff and I have been so pleased and productive in our new office space, that we've been able to quickly position ourselves for growth, already justifying expansion to a large space very soon. Rest assured, Matt Watson at Austin Office Space will be my go-to Tenant Agent once again, and anytime in the future I need a true professional in my corner to negotiate the best deal possible, and coordinate all the finite details on my company's behalf.Matt is great to work with, always on-point, fully transparent and well-versed and credentialed in managing every detail of the entire process. We couldn't be happier with the building and the suite Matt found for us, and we're excited at the prospect of working with Austin Office Space again, now that we're adding several more employees and need to spread out a bit. Austin Office Space has earned my very highest praise and recommendation.
Chad high key knows his stuff. I gave him a list of what I need in a commercial space for two companies. He got the lease negotiated quickly for one company and performed a miracle on lease terms for the other company.I’m highly impressed with the level of service I’ve repeatedly received and recommend him to anyone looking for a new space.
Our firm has been working with Chad for several years now and he has made every lease transaction painless. No matter our size or what we have been looking for, AOS has been there for us. We can't recommend them highly enough!
I sincerely enjoyed working with Chad Jewell at Austin Office Space. He was professional, knowledgeable, helpful, and a pleasure to work with. I would recommend him to business associates and family alike.
Ariella fraile S.
Chad and his team were invaluable in helping us find our new office building. They were very communicative and assisted us with all the details in helping us get move in ready. We appreciate his attentiveness to our needs and would definitely recommend Austin Office Space to anyone in the Austin area!
Chad at Austin Office Space has been our go to Broker in the Austin area for over 15 years since 2008. He has help our business find office spaces in 2008/2012/2016/2021. His knowledge and direct no-nonsense attitude is why we always have valued him as a valuable resource in the Austin area for commercial real estate. The time and effort he has showed us in helping with anything related to our leases is why we will always choose Austin Office Space as our premier choice. The quarterly updates on the health of the Austin market they provide have been very insightful as well.
The whole team at Austin Office Space were extremely responsive, attentive and great to work with. They provided excellent service. I can't recommend them enough
Don't let the name "Austin Office Space" make you think that this company cannot help you with other commercial real estate needs. I have been working with Matt Watson trying to find a location in the Austin market for our store. Matt has been great in pre screening and sending us pictures, layouts etc. which saves us time and money. I recommend giving Austin Office Space a call regardless of your commercial real estate needs. From retail to warehouses they will be available to help. Thanks from all of us at ConDecor Superstore.
Chad was fantastic. We had a very short timeline to find office space and move in so we could start a new firm on January 1. Even though we had a short timeline and specific needs, Chad made it happen. He was smart, responsive, resourceful and understood what we needed. He also helped us find vendors for furniture, internet, phones and other items. We got the space, moved in, and were up and running and open for business on January 1.
Chad is absolutely amazing!! He helped our company find an office space to lease when moving the business and our employees from Tampa FL, to Austin. Everything else about the move was stressful, but working with Chad made acquiring a space and moving into it super easy. Eventually, when we decided to sublease part of it out, Chad helped us find someone immediately. Now that our lease is officially coming to an end, we've decided to work with him again to find our new space. He is so patient, down to earth, and professional, and he has been working really hard to find a new spot that meets our needs and price range. He is a great negotiator, and he also brings a wealth of knowledge and makes himself very available to answer our questions. I'm so glad we found him!
Been working with AOS and Chad for nearly 3 years now - in that time, he's truly gone above and beyond to help out and find office spaces that match the changing needs of my company.Not only is Chad someone who takes great pride in his craft as a broker (he's worked some great deals for us), but he has genuinely done his best to take care of us and help us navigate the waters of commercial real estate with true integrity. He's helped us review documents, tour as many spaces as we wanted to look at, and been extremely helpful all along the way.Truly one of the best people I've ever done business with, and cannot possibly say enough good things about the services that he and AOS have provided to us over the years.If you're looking for a new space to build your business, AOS is the best guide possible.
Gentry and Chad were awesome to work with. We needed to move very quickly with very little notice. Gentry sent a long list of locations for me to review and Chad talked me through them and then met me to view the spaces I selected. We found a great spot and the whole thing took less than two weeks, start to finish. I highly recommend this team of friendly professionals.
Chad helped us find our commercial lease. He and his team were professional and responsive at every steps. They took the time to understand our project to provide us with the best choice and advices. I recommend Chad and Austin Office Space without reservation!
We had a good experience using Austin Office Space and Chad Jewell to handle our subleasing process. The level of communication during the process was good and we felt informed of developments throughout. Chad was easy to work with and understood the local market. I would recommend him.
Working on a TV show in Austin and needed adequate space for our production. Austin Office Space was extremely helpful and worked fast for our quick turn around. Highly recommend reaching out to AOS for any office needs. Will use them again!
Chad at AOS was extremely helpful in quickly compiling a list of office spaces for us to consider. He even made up a document complete with pictures and locations that made it very easy to weigh our options. In addition, he even put me in touch with another company to find out what they had to offer. It was a very helpful experience.
Cindy Lo - RED VELVET (.
It's not easy shopping for commercial real estate in a hot market like Austin but Chad with Austin Office Space (AOS) was there for us as we patiently combed through multiple options (all shapes & sizes) as we were open to building new or renovating an existing space. But what won us over was that he used his contacts to help find us a space before it went out to the public and that's the key to beating out the competition in a hot market. Chad responded to all my emails day & night, and I appreciate his willingness to answer even the mundane questions since this was my first time to buy commercial.
Great company, great representation, great leadership. You'll be pleased with the results.
My thumb was completely green as this was my first real office. Chad helped me through the process and found me the perfect space. Highly recommended.
Chad is an amazing person to work with. He is an extremely pleasant and professional person and has access to a great network to help you find the right office space. He definitely is the person who will go the extra mile to help you find the right location. We highly recommend working with him!
Chad Jewel is awesome. From the day I met him through negotiations for our new space, he has been wonderful. If you are looking for office space, you just can do better than Chad! Two Thumbs WAY up!!
Great service, client focused and delivered exactly the kind of space we needed. Best in the business! If you need space in Austin, this is the team that will help you find it.