The typical asking rate per listing is in the $20's per square foot per year. The Hollywood Park submarket is going through a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Greater Austin market, the Hollywood Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 20 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Hollywood Park are subleases, so you will probably have to focus your search on direct office leases. 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 measurement for office space in this area is around 2,070 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 2003 and are Class B.
Real time and historical data on commercial real estate listings in Hollywood Park.
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