Austin Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Cushman & Wakefield, JLL, Colliers, Partners Real Estate, Newmark
Quarterly office market indicators for Austin, aggregated by CREhunt from CBRE, Cushman & Wakefield, JLL, Colliers, Partners Real Estate, Newmark. As of Q2 2026, average asking rent was $50.51/SF/yr and vacancy was 24.1%, per CBRE.
Projected current office pricing — Austin
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 multiple brokerages data (cap rate 6.5%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $50.51/SF/yr | 24.1% | 23 SF | — | CBRE |
| Q2 2026 Cushman & Wakefield | $49.27/SF/yr | 26.9% | — | — | Cushman & Wakefield |
| Q1 2026 JLL | $53.85/SF/yr | 25.4% | 141K SF | — | JLL |
| Q1 2026 Colliers | — | 18.7% | 114K SF | — | Colliers |
| Q1 2026 Partners Real Estate | $45.02/SF/yr | 23.3% | 1.1M SF | — | Partners Real Estate |
| Q1 2026 CBRE | $37.20/SF/yr | 16.8% | 800K SF | — | CBRE |
| Q1 2026 Cushman & Wakefield | $49.56/SF/yr | 27.1% | -186K SF | — | Cushman & Wakefield |
| Q4 2025 Newmark | $45.27/SF/yr | 23.4% | -152K SF | — | Newmark |
| Q4 2025 Cushman & Wakefield | $48.27/SF/yr | 29.0% | — | — | Cushman & Wakefield |
| Q3 2025 Newmark | $44.86/SF/yr | 23.6% | 1.0M SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | $48.32/SF/yr | 29.3% | 77K SF | — | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $47.42/SF/yr | 28.5% | 389K SF | — | Cushman & Wakefield |
| Q2 2025 Newmark | $44.78/SF/yr | 23.6% | 25K SF | — | Newmark |
| Q1 2025 Cushman & Wakefield | $47.69/SF/yr | 29.2% | -110K SF | — | Cushman & Wakefield |
| Q1 2025 Newmark | $45.07/SF/yr | 23.6% | — | — | Newmark |
| Q4 2024 Cushman & Wakefield | $47.45/SF/yr | 29.8% | 259K SF | 25 SF | Cushman & Wakefield |
| Q4 2024 Newmark | $41.09/SF/yr | 23.2% | 441K SF | 2.0M SF | Newmark |
| Q3 2024 CBRE | $48.52/SF/yr | 24.3% | — | — | CBRE |
| Q1 2024 Newmark | $38.98/SF/yr | 22.5% | — | — | Newmark |
| Q4 2023 Newmark | $41.12/SF/yr | 22.2% | — | — | Newmark |
| Q3 2023 Newmark | $40.96/SF/yr | 22.2% | — | — | Newmark |
| Q2 2023 Newmark | $40.95/SF/yr | 21.6% | — | — | Newmark |
| Q4 2022 Newmark | $40.49/SF/yr | 19.5% | -504K SF | 2.0M SF | Newmark |
| Q3 2022 Newmark | $41.27/SF/yr | 18.0% | 435K SF | 832K SF | Newmark |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Austin office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| CBD | $64.79/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central | $44.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East | $59.15/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Far Northwest | $42.42/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North | $37.38/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| North Central | $30.72/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast | $34.98/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest | $35.42/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Round Rock | $32.92/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| South | $48.78/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| South Central | $53.02/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast | $33.07/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest | $44.55/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Austin office did not fully agree. On vacancy, the sources span 2.9 points — from 24.1% (CBRE) to 26.9% (Cushman & Wakefield). Asking-rent estimates differ by $1.24/SF/yr — from $49.27/SF/yr to $50.51/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 24.1% | $50.51/SF/yr | — |
| Cushman & Wakefield | 26.9% | $49.27/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Austin?
- As of Q2 2026, the average asking rent for office space in Austin was $50.51/SF/yr, per CBRE.
- What is the office vacancy rate in Austin?
- The office vacancy rate in Austin was 24.1% as of Q2 2026 (CBRE).
- Where does CREhunt's Austin market data come from?
- This report aggregates quarterly office market data for Austin from CBRE, Cushman & Wakefield, JLL, Colliers, Partners Real Estate, Newmark.
- How much do brokerage estimates differ for office space in Austin?
- For Q2 2026, the brokerage sources CREhunt aggregates for Austin did not fully agree. On vacancy, the sources span 2.9 points — from 24.1% (CBRE) to 26.9% (Cushman & Wakefield). Asking-rent estimates differ by $1.24/SF/yr — from $49.27/SF/yr to $50.51/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.