On average, listings lease in the $20's per square foot per year. The Milwood submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $27 per sqft per year.
Compared to the rest of the Greater Austin market, the Milwood region has lower 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 spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Milwood are subleases, so you might be able to find a shorter term or below market rent. 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 5,220 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 2000 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Milwood folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.