The typical asking rate per listing is in the $20's per square foot per year. The North Shoal Creek submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Greater Austin market, the North Shoal Creek region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 13 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 31% of the available space in the North Shoal Creek 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 4,510 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this region were built in 1983 and are Class A.
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 market. Commute by motorcycle is the most popular way to get to work amongst North Shoal Creek folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.