On average, listings lease in the $30's per square foot per year. The West Oak Hill region is seeing a an increase in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Greater Austin market, the West Oak Hill submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the office spaces in the West Oak Hill 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 3,890 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Oak Hill folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.