The typical asking rate per listing is in the $30's per square foot per year. The West Oak Hill region is experiencing a a boost in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 47% increase in rent.
Compared to the rest of the Greater Austin market, the West Oak Hill region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 27 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 11% of the listings in the West Oak Hill are subleases, so you might be able to sign a shorter term by taking over a previous 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 3,890 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst West Oak Hill folk. Commuting close to 15 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 West Oak Hill.
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