Most listings are in the $20's per square foot per year. The Northwest Austin submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Greater Austin market, the Northwest Austin region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 17 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 106% of the office spaces in the Northwest Austin 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,290 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Northwest Austin residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.