On average, listings lease in the $40's per square foot per year. The Shepherd Mountain submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $27 per sqft per year. That's a 194% increase in rent.
Compared to the rest of the Greater Austin market, the Shepherd Mountain 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, 3 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Shepherd Mountain 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.
The standard measurement for office space in this area is around 1,290 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1985 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Shepherd Mountain occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.