Most listings are in the $80's per square foot per year. The University Hills region is going through a an increase in rates. In the last 3 months, the median rate rose $90 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater Austin market, the University Hills submarket has greater 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 made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 300 sqft.
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. Most of the occupants of University Hills work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.