The typical asking rate per listing is in the $10's per square foot per year. The Castle Hills region is going through 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 region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 28 listings have come on the market, which means new listings 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 need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,230 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst Castle Hills folk. 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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