Most listings are in the $20's per square foot per year. The Allandale submarket is going through a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 32% decrease in rent.
Compared to the rest of the Greater Austin market, the Allandale region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the listings in the Allandale 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,430 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region 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 region. 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.