On average, listings lease in the $30's per square foot per year. The Govalle submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Greater Austin market, the Govalle region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,090 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 2016 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Govalle 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 Govalle.
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