The typical asking rate per listing is in the $30's per square foot per year. The Allandale submarket is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Greater Austin market, the Allandale submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 64 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Allandale 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Allandale residents. Commuting more than an hour and a half 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 Allandale.
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