The typical asking rate per listing is in the $20's per square foot per year. The Westlake Crossroads submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Greater Austin market, the Westlake Crossroads submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,985 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1982 and are Class B.
This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Most of the residents of Westlake Crossroads work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.