On average, listings lease in the $20's per square foot per year. The Westlake Crossroads submarket is going through a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Greater Austin market, the Westlake Crossroads submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Westlake Crossroads 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.
Even though the median size is 2,985 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1982 and are Class B.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Most of the occupants of Westlake Crossroads work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.