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Most commerial real estate listings for lease are in the $20's per square foot per year. The Lake Creek Shopping Center region is experiencing a decrease in rates. In the last 3 months, the median rate for lease decreased $18 per sqft per year.
Compared to the rest of the Greater Austin commercial real estate market, the Lake Creek Shopping Center submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 180 days, 26 commercial real estate listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available commercial real estate leases in the Lake Creek Shopping Center 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 1,410 sqft. Most properties in this area are close to 10 stories. Most buildings in this market were built approximately 2008 and are Class A.
Public administration is the dominant industry in this region. Most of the occupants of Lake Creek Shopping Center work from home. Commuting more than an hour and a half 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 Lake Creek Shopping Center.
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