Austin's Office Space Ghost Town

As of late 2025, Austin's office vacancy rates have soared to 28%, placing Austin among the cities with the most vacant office spaces in the country.

Developers spent the last cycle betting big on a full return to in-person work. Then came nationwide tech layoffs, a cooler funding environment, and the hard reality of hybrid work, leaving Austin with far more office space than demand.

For founders, this is a rare moment.

If you're looking for cheap or flexible office space, take advantage of this renters market. Expect more concessions, better terms, and landlords who are suddenly very motivated to talk to small teams.

Don't count on this window staying open forever.