The typical asking rate per listing is in the $30's per square foot per year. The North Burnet - Gateway submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Greater Austin market, the North Burnet - Gateway submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,870 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 1999 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst North Burnet - Gateway residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.