On average, listings lease in the $30's per square foot per year. The Hill Country Galleria region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Greater Austin market, the Hill Country Galleria submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 43% of the available leases in the Hill Country Galleria 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 2,770 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 2015 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the folk of Hill Country Galleria work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.