On average, listings lease in the $10's per square foot per year. The North Loop region is experiencing a a boost in rates. In the last 3 months, the median rate rose $19 per sqft per year.
Compared to the rest of the Greater Austin market, the North Loop submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 40 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the North Loop 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 840 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1983.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Loop occupants. Commuting close to 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 North Loop.
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