On average, listings lease in the $20's per square foot per year. The St. Edwards region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Greater Austin market, the St. Edwards region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,380 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1984 and are Class A.
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 market. Most of the residents of St. Edwards work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.