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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Northwest Austin region is going through a decrease in rates. In the last 3 months, the median rate for lease decreased $3 per sqft per year.
Compared to the rest of the Greater Austin commercial real estate market, the Northwest Austin submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 322 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Northwest Austin are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 820 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built approximately 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Northwest Austin occupants. Commuting under 5 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 Northwest Austin.
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