West Lake Hills Office Space

West Lake Hills

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,160
As of: December 2, 2016

West Lake Hills Rates

On average, listings lease in the $30's per square foot per year. The West Lake Hills submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Greater Austin market, the West Lake Hills region has greater rates, and you'll need to pay a premium to be in this hot region.

West Lake Hills Listing Supply

In the last 90 days, 20 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the West Lake Hills 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1985 and are Class B.

West Lake Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Lake Hills residents. Commuting approximately 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 West Lake Hills.
Market Report

Market Data

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