Lease Rates for Round Rock Office Space 2020
$26-$30 psf for Q12022
More inventory on the market
Round Rock Texas sits on the northeastern side of Austin. For newcomers, the area is well developed and heavily populated by Dell Computer which is where their world-wide headquarters are located. This area is located in Williamson county with populations coming in around 122,000 in 2016. These office spaces are about 20 miles northeast of Austin. Travel to downtown Austin based on rush hour traffic could take up to an hour. There are toll roads coming in and out of the Round Rock area to help compensate for the traffic build-up in Austin.
Class A Office is at 28.5% into the 4th quarter of 2021
Class B Office is 26.5 % up substantially from 9% in 2020.
Office spaces in Round Rock for 2022 will fall into 2 classes of office space which are Class A and Class B. Currently, vacancies for Q3 are around 28% for Class A office space. As a tenant, if you are looking to lease in this part of Austin you will have the same amount of inventory looking at Class B offices. . The average asking rental rate is $26 per square foot per year into 2020.
The average asking lease rate for Q4 2022 ranges from $28.00- $30.00 per square foot per year. Keep in mind some lease rates are quoted without NNN expenses , most offices may be modified gross or quotes as full service.
Contact Shire Commercial so that you can navigate thru the types of offices and find the best lease rates that exist for your business to be located in Round Rock Texas.
$26-$30 psf for Q12022
More inventory on the market