The typical asking rate per listing is in the $40's per square foot per year. The Westlake Oaks Executive Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 16% rise in rent.
Compared to the rest of the Greater Austin market, the Westlake Oaks Executive Park region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Westlake Oaks Executive Park 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 500 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1985 and are Class B.
This region is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Most of the occupants of Westlake Oaks Executive Park work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.