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Most commerial real estate listings for lease are in the $30's per square foot per year. The West Oak Hill region is seeing a a boost in rates. In the last 3 months, the median rate for lease increased $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Greater Austin commercial real estate market, the West Oak Hill region has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 27 commercial real estate listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 8,090 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built close to 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Oak Hill folk. Commuting approximately 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 West Oak Hill.
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