Most listings are in the $30's per square foot per year. The Govalle-Johnston Terrace region is experiencing a a rise in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Greater Austin market, the Govalle-Johnston Terrace region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 0 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Govalle-Johnston Terrace 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,090 sqft. Most properties in this region are approximately 1 floors. Most buildings in this area were built in 2016 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Govalle-Johnston Terrace folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.