The typical asking rate per listing is in the $30's per square foot per year. The Westpark Square Professional Center submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Greater Austin market, the Westpark Square Professional Center 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, 3 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 100% of the available leases in the Westpark Square Professional Center 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 available, so finding a space for a small business might be tough.
Even though the median size is 27,280 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 2002 and are Class A.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Westpark Square Professional Center folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.