The typical asking rate per listing is in the $20's per square foot per year. The Oak Hill region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Greater Austin market, the Oak Hill submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 13 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the listings in the Oak Hill are subleases, so you might be able to snag a great spot on a short term. 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 5,470 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 floors. 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 market. Commute by motorcycle is the most popular way to get to work amongst Oak Hill folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.