On average, listings lease in the $20's per square foot per year. The West Lake Hills submarket is going through a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the Greater Austin market, the West Lake Hills region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 14 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the West Lake Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,750 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1985 and are Class B.