Seneca West Office Space

Seneca West

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
510
As of: January 21, 2017

Seneca West Rates

The typical asking rate per listing is in the $20's per square foot per year. The Seneca West region is seeing a a boost in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Compared to the rest of the Greater Austin market, the Seneca West submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Seneca West Listing Supply

In the last 90 days, 2 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Seneca West are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 510 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1983 and are Class B.

Seneca West Community

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. Commute by car is the most popular way to get to work amongst Seneca West occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Seneca West.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Seneca West.
Research

Leon Valley Submarkets