The typical asking rate per listing is in the $20's per square foot per year. The North Shoal Creek submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Greater Austin market, the North Shoal Creek submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 13 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the North Shoal Creek are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,570 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst North Shoal Creek occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.