On average, listings lease in the $10's per square foot per year. The Northwest Austin region is going through a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 35% decrease in rent.
Compared to the rest of the Greater Austin market, the Northwest Austin region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 18 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 28% of the office spaces in the Northwest Austin are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,750 sqft. Most buildings in this region are close to 3 floors. Most buildings in this area were built in 1993 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 occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.