Most listings are in the $30's per square foot per year. The Allandale submarket is going through a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Greater Austin market, the Allandale submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,130 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 2005 and are Class 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.