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As you can see from the chart, it currently costs approximately $68.44 per sf to lease office space in the CBD. Using a 10,000-sf tenant as an example, that amounts to $684,400 per year, or $57,033 per month. 2Q 2021 Rates for Popular CBD Buildings. Building.
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To find the total annual cost to lease your industrial space, multiply the monthly full-service rental rate (the sum of the base rent, operating expenses, and electrical and janitorial) by the square footage of the space, then multiply by 12 months.
These are typically tech users looking for flex office space. This recent popularity has driven rental rates, and over the past several quarters, the North submarket has been asking the highest rates in the city. As you can see from the chart, it currently costs approximately $0.97 per sf monthly to lease industrial space in North Austin.
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