The typical asking rate per listing is in the $30's per square foot per year. The Central Austin submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Greater Austin market, the Central Austin submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,050 sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Central Austin occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.