The typical asking rate per listing is in the $20's per square foot per year. The The Echelon region is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Greater Austin market, the The Echelon region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 12 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the The Echelon 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.
The standard measurement for office space in this area is around 2,020 sqft. Most properties in this region are around 4 stories. Most buildings in this market were built in 1984 and are Class A.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst The Echelon residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.