Most listings are in the $40's per square foot per year. The Old West Austin submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $42 per sqft per year.
Compared to the rest of the Greater Austin market, the Old West Austin submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the available space in the Old West 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region were built in 1962 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 region. Commute by motorcycle is the most popular way to get to work amongst Old West Austin folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.