On average, listings lease in the $30's per square foot per year. The East Oak Hill region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Greater Austin market, the East Oak Hill submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces in the East Oak Hill 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,850 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst East Oak Hill occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.