On average, listings lease in the $20's per square foot per year. The Oak Hill region is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Greater Austin market, the Oak Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 8 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 163% of the available space in the Oak Hill 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 9,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Oak Hill folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.