On average, listings lease in the $30's per square foot per year. The The Austin Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the Greater Austin market, the The Austin Center region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the The Austin Center are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,730 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1994 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst The Austin Center folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.