The typical asking rate per listing is in the $30's per square foot per year. The Leffler Commercial submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 64% increase in rent.
Compared to the rest of the Greater Austin market, the Leffler Commercial submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the office spaces in the Leffler Commercial 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 posted, so finding a space for a small business might be tough.
Even though the median size is 11,180 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 2001 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Leffler Commercial residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.