Downtown is a trophy-tier Austin submarket with average asking rent around $72/sqft/yr.

  • Average asking rent: $72/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $60/sqft/yr ($60 USD).
  • Citywide vacancy: 27.8% — submarket-level availability is typically tighter at trophy tier.

Downtown, Austin office rents and availability

Downtown is a trophy-tier Austin submarket with average asking rent around $72/sqft/yr.

TL;DR

  • Average asking rent: $72/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $60/sqft/yr ($60 USD).
  • Citywide vacancy: 27.8% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Downtown averages around $72/sqft/yr for Class A, against a citywide Class A index of 60. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Austin's trophy core. Tech, law, professional services, financial services, public agencies.

Key facts

cityAustin
submarketDowntown
tiertrophy
averageRentLocal$72/sqft/yr
cityClassARentUsd$60/sqft/yr
cityVacancyPct27.8%

Frequently asked questions

What is the average Class A rent in Downtown, Austin?
Around $72/sqft/yr. The citywide Class A index sits at $60/sqft/yr.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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