On average, listings lease in the $20's per square foot per year. The Hollywood Park submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Greater Austin market, the Hollywood Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 220% of the listings in the Hollywood Park 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 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 2,030 sqft. Most buildings in this market are around 3 stories. Most buildings in this region were built in 2011 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of Hollywood Park work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.