The typical asking rate per listing is in the $30's per square foot per year. The Hill Country Galleria submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Greater Austin market, the Hill Country Galleria submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Hill Country Galleria 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,060 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this market were built in 2015 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Hill Country Galleria work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.