Most listings are in the $20's per square foot per year. The Highland submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $43 per sqft per year. That's a 65% decline in rent.
Compared to the rest of the Greater Austin market, the Highland submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Highland 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 1,010 sqft. Most buildings in this market are close to 5 floors. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Highland occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.