On average, listings lease in the $20's per square foot per year. The Hollywood Park region is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Greater Austin market, the Hollywood Park region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 25 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 32% of the office spaces in the Hollywood Park are subleases, so you might be able to find a shorter term or below market rent. 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 2,070 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 2003 and are Class A.
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 market. Most of the folk of Hollywood Park work from home. Commuting approximately 10 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 Hollywood Park.
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