On average, listings lease in the $40's per square foot per year. The Lake Creek Shopping Center region is going through a an increase in rates. In the last 3 months, the median rate increased $44 per sqft per year.
Compared to the rest of the Greater Austin market, the Lake Creek Shopping Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the Lake Creek Shopping Center are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,280 sqft. Most buildings in this market are approximately 10 floors. Most buildings in this region were built in 2008 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants of Lake Creek Shopping Center work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.