The typical asking rate per listing is in the $80's per square foot per year. The University Hills region is seeing a an increase in rates. In the last 3 months, the median rate went up $90 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater Austin market, the University Hills region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 300 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of University Hills work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.