Most listings are in the $30's per square foot per year. The Northwest Austin submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 53% increase in rent.
Compared to the rest of the Greater Austin market, the Northwest Austin 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, 18 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 28% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1997 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.