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On average, commerial real estate listings lease in the $30's per square foot per year. The Hardrock Canyon submarket is experiencing a decrease in rates. In the last 3 months, the median rate for lease fell $19 per sqft per year.
Compared to the rest of the Greater Austin commercial real estate market, the Hardrock Canyon submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 20 commercial real estate listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the available commercial real estate leases in the Hardrock Canyon 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.
The standard size for office space in this area is around 5,510 sqft. Most properties in this region are close to 5 floors. Most buildings in this market were built close to 1997 and are Class A.
A large portion of this market is residential, but there's plenty of office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Hardrock Canyon occupants. 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 Hardrock Canyon.
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