The typical asking rate per listing is in the $30's per square foot per year. The Northwest Austin submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Greater Austin market, the Northwest Austin submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 322 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available space in the Northwest Austin are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,620 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Northwest Austin occupants. Commuting under 5 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 Northwest Austin.
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