On average, listings lease in the $30's per square foot per year. The West Lake Hills region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Greater Austin market, the West Lake Hills submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 22 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the West Lake Hills 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,180 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1985 and are Class B.
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 occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.