On average, listings lease in the $30's per square foot per year. The Milwood region is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Greater Austin market, the Milwood submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 41 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the listings in the Milwood are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 11,540 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 2000 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Milwood folk. Commuting between 30 and 45 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 Milwood.
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