The typical asking rate per listing is in the $30's per square foot per year. The Hill Country Galleria submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Greater Austin market, the Hill Country Galleria region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 43% of the available space 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 2,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this region 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.