The typical asking rate per listing is in the $30's per square foot per year. The Central Austin submarket is going through a a rise in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Greater Austin market, the Central Austin region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 9,010 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Austin occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.