Savills Studley, the leading global commercial real estate services firm specializing in tenant representation, has released its 2016 Q1 Austin edition of the Savills Studley Office Market Report. The quarterly report is an in-depth compilation of office leasing statistics and trends, major transactions, submarket comparisons, employment trends and investment and development trends specific to the Austin region.

Highlights from the 2016 Q1 Studley Austin Report include:

• While rental rates and occupancy are near an all-time-high, a drop in leasing volume may hint at decelerated growth for 2016
• Conditions remain favorable to landlords, making it more difficult for growing companies to find space
• Short-term leases are now extremely uncommon—most companies must sign 5- to 10-year leases when securing office space
• Investment sales of buildings are driving tax assessments up; these costs are being passed on to the tenant in the form of higher rents
• In many cases, sublease space now almost as expensive as direct leases from landlords
• New companies and startups will face stricter leasing requirements as landlords can be choosier in which companies they lease space to

Please click here to download the 2016 Q1 Savills Studley Austin Report, as well as a national report and reports for each of the 26 major U.S. markets.