On average, listings lease in the $30's per square foot per year. The Leffler Commercial submarket is going through a a boost in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 64% increase in rent.
Compared to the rest of the Greater Austin market, the Leffler Commercial submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 38 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Leffler Commercial are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 11,180 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 2001 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Leffler Commercial residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Leffler Commercial.
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