The typical asking rate per listing is in the $20's per square foot per year. The Allandale region is experiencing a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 43% rise in rent.
Compared to the rest of the Greater Austin market, the Allandale region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Allandale 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 2005 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Allandale folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.