The typical asking rate per listing is in the $30's per square foot per year. The Highland Park West region is seeing a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Greater Austin market, the Highland Park West region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 700% of the available leases in the Highland Park West 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.
Even though the median size is 2,720 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 stories.
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. Most of the occupants of Highland Park West work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.