On average, listings lease in the $40's per square foot per year. The Crestview submarket is going through a a boost in rates. In the last 3 months, the median rate rose $41 per sqft per year.
Compared to the rest of the Greater Austin market, the Crestview submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 28 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Crestview 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 2010.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Crestview residents. Commuting close to an hour 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 Crestview.
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