Hancock Office Space For Lease

Hancock

Market Report

Number of Listings For Lease
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
3,540

Hancock Commercial Real Estate

Find Hancock commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Hancock commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Hancock Rates

On average, commerial real estate listings lease in the $40's per square foot per year. The Hancock region is experiencing a an increase in rates. In the last 3 months, the median rate for lease went up $18 per sqft per year. That's a 64% increase in rent.

Compared to the rest of the Greater Austin commercial real estate market, the Hancock submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot region.

Hancock Listing Supply

In the last 90 days, 16 commercial real estate listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the available commercial real estate space in the Hancock are subleases, so you will probably have to focus your search on direct 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 size for office space in this area is around 3,540 sqft. Most buildings in this area were built around 2009 and are Class A.

Hancock Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Hancock occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Hancock.
Research