The typical asking rate per listing is in the $20's per square foot per year. The Hollywood Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Greater Austin market, the Hollywood Park region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 20 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available space in the Hollywood Park are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,070 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 2003 and are Class B.
Real time and historical data on commercial real estate listings in Hollywood Park.
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