The typical asking rate per listing is in the $30's per square foot per year. The Govalle region is experiencing a a rise in rates. In the last 3 months, the median rate increased $37 per sqft per year.
Compared to the rest of the Greater Austin market, the Govalle submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 0 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Govalle are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,090 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 2016 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Govalle folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.