On average, listings lease in the $20's per square foot per year. The Hollywood Park submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Greater Austin market, the Hollywood Park region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,360 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 2011 and are Class B.
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 market. Most of the residents 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.