On average, listings lease in the $30's per square foot per year. The The Echelon region is seeing a a boost in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Greater Austin market, the The Echelon submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available leases in the The Echelon are subleases, so you might be able to snag a great spot on a short term. 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 3,420 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this area were built in 1984 and are Class A.
This area 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 around 15 minutes a day is the norm for those who opt to reside in this part of town.