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On average, commerial real estate listings lease in the $0's per square foot per year. The Central West Austin submarket is seeing a decline in rates. In the last 3 months, the median rate for lease decreased $33 per sqft per year.
In the last 90 days, 15 commercial real estate listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the commercial real estate listings in the Central West Austin 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 posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built around 1985 and are Class A.
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 market. Most of the occupants of Central West Austin work from home. Commuting between 20 and 25 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 Central West Austin.
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