On average, listings lease in the $20's per square foot per year. The Oak Hill submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Greater Austin market, the Oak Hill region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the listings in the Oak Hill 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 5,470 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Oak Hill residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.