On average, listings lease in the $30's per square foot per year. The Highland Park West region is experiencing a a rise in rates. In the last 3 months, the median rate went up $34 per sqft per year.
Compared to the rest of the Greater Austin market, the Highland Park West submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 700% of the available space in the Highland Park West 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 stories.
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 region. Most of the occupants of Highland Park West 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.