On average, listings lease in the $20's per square foot per year. The Hidden Valley submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Greater Austin market, the Hidden Valley region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the Hidden Valley 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 available, so finding a space for a small business might be tough.
Even though the median size is 23,245 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 5 stories. Most buildings in this market were built in 1996 and are Class A.
Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Hidden Valley folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.