On average, listings lease in the $20's per square foot per year. The Leffler Commercial region is seeing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Greater Austin market, the Leffler Commercial region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the available space in the Leffler Commercial 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 48,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 2001 and are Class A.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Leffler Commercial occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.