The typical asking rate per listing is in the $20's per square foot per year. The The Echelon region is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Greater Austin market, the The Echelon submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 8 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings in the The Echelon 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,550 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this region were built in 1984 and are Class A.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this area. 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.