On average, listings lease in the $30's per square foot per year. The Highland Park West submarket is seeing a a boost 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 region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 700% of the office spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors.
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. Most of the folk 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.