The typical asking rate per listing is in the $30's per square foot per year. The Hill Country Galleria region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Greater Austin market, the Hill Country Galleria region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,330 sqft. Most buildings in this area are around 3 stories.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants 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.