The typical asking rate per listing is in the $10's per square foot per year. The Hidden Valley submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Greater Austin market, the Hidden Valley submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 15 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Hidden Valley 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 16,010 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 5 floors. Most buildings in this market were built in 1996 and are Class A.
Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hidden Valley occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.