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Compared to the rest of the Greater Austin commercial real estate market, the North Loop submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 40 commercial real estate listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available commercial real estate leases in the North Loop are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 6,030 sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built approximately 1973.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Loop residents. Commuting around 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 North Loop.
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