On average, listings lease in the $20's per square foot per year. The East Oak Hill region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Greater Austin market, the East Oak Hill submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 6 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,950 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 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 East Oak Hill occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.