On average, listings lease in the $20's per square foot per year. The Columbia Oaks submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Greater Austin market, the Columbia Oaks region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 30 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Columbia Oaks are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,490 sqft. Most buildings in this region were built in 1985.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the occupants of Columbia Oaks work from home. Commuting close to 30 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 Columbia Oaks.
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