The typical asking rate per listing is in the $50's per square foot per year. The Westpark Square Professional Center submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 42% rise in rent.
Compared to the rest of the Greater Austin market, the Westpark Square Professional Center region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means office spaces are probably going fast. 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 snag a great spot on a short term. 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 200 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 2002 and are Class A.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Westpark Square Professional Center residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.