Austin has 27% vacant office space but leasing could fill up in 2024

Statesman

Every office market in the country now has way more office space than it needs. So pronounced Austin-area real estate expert Eldon Rude, as part of his 21st annual forecast event last week sponsored by the Home Builders Association of Austin. Just over 27% of office space in the Austin market was vacant at the end of last year, up from 21.8% at the end of 2022, Rude told about 700 industry professionals last week.