On average, listings lease in the $20's per square foot per year. The Allandale submarket is going through a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 43% rise in rent.
Compared to the rest of the Greater Austin market, the Allandale submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Allandale 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 2005 and are Class A.
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 area. Commute by car is the most popular way to get to work amongst Allandale folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.