The typical asking rate per listing is in the $20's per square foot per year. The Leffler Commercial region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Greater Austin market, the Leffler Commercial region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Leffler Commercial 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.
Even though the median size is 14,480 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 2001 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Leffler Commercial residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.