Compared to the rest of the Greater Austin market, the Hancock submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 16 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Hancock are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region were built in 2009 and are Class A.
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 residents. Commuting around 15 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 Hancock.
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