The typical asking rate per listing is in the $40's per square foot per year. The East Cesar Chavez region is experiencing a a rise in rates. In the last 3 months, the median rate increased $42 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater Austin market, the East Cesar Chavez submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,730 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this area were built in 2017 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst East Cesar Chavez occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.