The typical asking rate per listing is in the $10's per square foot per year. The Castle Hills region is experiencing a a rise in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the Greater Austin market, the Castle Hills submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 28 listings have been listed, 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 leases in the Castle Hills are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,230 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Castle Hills residents. Commuting between 20 and 25 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 Castle Hills.
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