North Burnet Industrial

North Burnet

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
4,876
As of: December 2, 2016

North Burnet Rates

On average, listings lease in the $30's per square foot per year. The North Burnet submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 22% rise in rent.

Compared to the rest of the Greater Austin market, the North Burnet region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

North Burnet Listing Supply

In the last 90 days, 11 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the North Burnet are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,550 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region were built in 1994 and are Class A.

North Burnet Community

A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst North Burnet residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in North Burnet.
Market Report

Market Data

Real time and historical data on commercial real estate listings in North Burnet.
Research