Most listings are in the $30's per square foot per year. The St. Edwards submarket is seeing a decline in rates. In the last 3 months, the median rate fell $27 per sqft per year. That's a 47% decrease in rent.
Compared to the rest of the Greater Austin market, the St. Edwards region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 150% of the available space in the St. Edwards 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.
The standard measurement for office space in this area is around 1,890 sqft. Most buildings in this market are around 2 stories. Most buildings in this region 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 region. Most of the residents of St. Edwards work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.