Austin’s red-hot commercial real estate market means office tenants are paying rental rates similar to those found in some of the country’s priciest cities.
That’s according to new research on the cost of office space from CommercialCafe, a real estate research firm.
A tenant spending $5,000 per month for Class A office space can get 1,087 square feet in Austin.
That trails only Boston (where you could afford 1,006 square feet); Washington, D.C. (849 square feet); San Francisco (803 square feet); and New York City (703 square feet).
Click to read more at Austin Business Journal.