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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The West Oak Hill region is going through a an increase in rates. In the last 3 months, the median rate for lease increased $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Greater Austin commercial real estate market, the West Oak Hill submarket has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 180 days, 27 commercial real estate listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 8,090 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built around 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst West Oak Hill occupants. 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 West Oak Hill.
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