The typical asking rate per listing is in the $30's per square foot per year. The Central West Austin submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Greater Austin market, the Central West Austin region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Central West Austin are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 700 sqft. Most buildings in this area are close to 4 stories. Most buildings in this area were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the residents of Central West Austin 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.