On average, listings lease in the $30's per square foot per year. The Westpark Square Professional Center submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 37% decline in rent.
Compared to the rest of the Greater Austin market, the Westpark Square Professional Center submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Westpark Square Professional Center are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,130 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 2002 and are Class A.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Westpark Square Professional Center occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.