Most listings are in the $20's per square foot per year. The Highland region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $42 per sqft per year. That's a 64% decrease in rent.
Compared to the rest of the Greater Austin market, the Highland region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Highland 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,040 sqft. Most buildings in this area are close to 5 floors. Most buildings in this region 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. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Highland residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.