The typical asking rate per listing is in the $30's per square foot per year. The Northwest Austin region is experiencing a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 53% rise in rent.
Compared to the rest of the Greater Austin market, the Northwest Austin region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 18 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 28% of the available leases in the Northwest Austin 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1997 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Northwest Austin folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.