Most listings are in the $20's per square foot per year. The Leffler Commercial submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Greater Austin market, the Leffler Commercial submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Leffler Commercial 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 posted, so finding a space for a small business might be tough.
Even though the median size is 14,480 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 2001 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Leffler Commercial residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.