On average, listings lease in the $10's per square foot per year. The Lake Creek Shopping Center submarket is going through a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year.
Compared to the rest of the Greater Austin market, the Lake Creek Shopping Center submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Lake Creek Shopping Center 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.
Even though the median size is 12,020 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 10 stories. Most buildings in this region were built in 2008 and are Class A.
Public administration is the dominant industry in this area. Most of the folk of Lake Creek Shopping Center work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.