The typical asking rate per listing is in the $10's per square foot per year. The Lake Creek Shopping Center submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Greater Austin market, the Lake Creek Shopping Center region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Lake Creek Shopping Center 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 posted, so finding a space for a small business might be tough.
Even though the median size is 12,020 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 10 stories. Most buildings in this market were built in 1986 and are Class A.
Public administration is the dominant industry in this region. Most of the occupants of Lake Creek Shopping Center work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.