The typical asking rate per listing is in the $20's per square foot per year. The North Shoal Creek region is experiencing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% increase in rent.
Compared to the rest of the Greater Austin market, the North Shoal Creek region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 13 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the North Shoal Creek are subleases, so you will probably have to consider a longer term lease. 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 3,080 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this market were built in 1984 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 residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.