Most listings are in the $20's per square foot per year. The West Lake Hills submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the Greater Austin market, the West Lake Hills region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 10 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the office spaces in the West Lake Hills are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 900 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1985 and are Class B.