The typical asking rate per listing is 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 rose $44 per sqft per year.
Compared to the rest of the Greater Austin market, the Lake Creek Shopping Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the Lake Creek Shopping Center 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.
The standard measurement for office space in this area is around 1,280 sqft. Most properties in this region are around 10 floors. Most buildings in this area were built in 2008 and are Class A.
Public administration is the dominant industry in this area. 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.