The typical asking rate per listing is in the $20's per square foot per year. The Northwood submarket is going through a a boost in rates. In the last 3 months, the median rate increased $25 per sqft per year.
Compared to the rest of the Greater Austin market, the Northwood region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 0 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the available space in the Northwood are subleases, so you might be able to snag a great spot on a short term. 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 4,690 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region were built in 2000 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Northwood occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.