The typical asking rate per listing is in the $20's per square foot per year. The Westlake Crossroads submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Greater Austin market, the Westlake Crossroads submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 8 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings in the Westlake Crossroads 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,160 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1982 and are Class B.
This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Most of the folk 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.