The typical asking rate per listing is in the $40's per square foot per year. The Crestview - Wooten submarket is going through a a rise in rates. In the last 3 months, the median rate went up $41 per sqft per year.
Compared to the rest of the Greater Austin market, the Crestview - Wooten submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 39 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the Crestview - Wooten 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 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 2,500 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 2010.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Crestview - Wooten residents. Commuting approximately 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 Crestview - Wooten.
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