The typical asking rate per listing is in the $20's per square foot per year. The St. Johns region is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 16% rise in rent.
Compared to the rest of the Greater Austin market, the St. Johns region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 26 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the St. Johns are subleases, so you will probably have to focus your search on direct office leases. 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 4,310 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1974 and are Class B.
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 area. Commute by car is the most popular way to get to work amongst St. Johns residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.