On average, listings lease in the $30's per square foot per year. The Westlake Oaks Executive Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Greater Austin market, the Westlake Oaks Executive Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 28 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the listings in the Westlake Oaks Executive 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 1,500 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1985 and are Class B.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Most of the occupants of Westlake Oaks Executive Park work from home. Commuting between 20 and 25 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 Westlake Oaks Executive Park.
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