On average, listings lease in the $30's per square foot per year. The St. Edwards submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Greater Austin market, the St. Edwards region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the listings in the St. Edwards 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.
The standard measurement for office space in this area is around 1,920 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1984 and are Class C.
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 area. Most of the folk of St. Edwards work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.