On average, listings lease in the $30's per square foot per year. The North Burnet - Gateway region is experiencing a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Greater Austin market, the North Burnet - Gateway region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the North Burnet - Gateway 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 4,876 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built in 1999 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst North Burnet - Gateway occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.