On average, listings lease in the $40's per square foot per year. The Westlake Oaks Executive Park submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $41 per sqft per year.
Compared to the rest of the Greater Austin market, the Westlake Oaks Executive Park submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 300% of the office spaces in the Westlake Oaks Executive Park 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,250 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market were built in 1985 and are Class B.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Most of the occupants of Westlake Oaks Executive Park work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.