Most listings are in the $40's per square foot per year. The Hardrock Canyon region is seeing a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 56% increase in rent.
Compared to the rest of the Greater Austin market, the Hardrock Canyon submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Hardrock Canyon are subleases, so you might be able to find a shorter term or below market rent. 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 1,800 sqft. Most properties in this region are approximately 5 floors. Most buildings in this area were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hardrock Canyon occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.