The typical asking rate per listing is in the $40's per square foot per year. The Hardrock Canyon submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $49 per sqft per year.
Compared to the rest of the Greater Austin market, the Hardrock Canyon region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Hardrock Canyon 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,380 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Hardrock Canyon occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.