The typical asking rate per listing is in the $10's per square foot per year. The North Loop region is experiencing a a boost in rates. In the last 3 months, the median rate went up $19 per sqft per year.
Compared to the rest of the Greater Austin market, the North Loop region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 40 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the North Loop are subleases, so you will probably have to focus your search on direct office 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 measurement for office space in this area is around 840 sqft. Most properties in this region are around 1 floors. Most buildings in this area were built in 1983.
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 market. Commute by public transit is the most popular way to get to work amongst North Loop residents. Commuting close to 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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