On average, listings lease in the $30's per square foot per year. The Allandale region is experiencing a a boost in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Greater Austin market, the Allandale region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 167% of the listings in the Allandale 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.
Even though the median size is 6,030 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Allandale residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.