North Burnet Retail

North Burnet

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
4,876
As of: December 6, 2016

North Burnet Rates

The typical asking rate per listing is in the $30's per square foot per year. The North Burnet region is seeing a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 22% rise in rent.

Compared to the rest of the Greater Austin market, the North Burnet submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

North Burnet Listing Supply

In the last 90 days, 7 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the North Burnet 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 4,876 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1994 and are Class A.

North Burnet Community

A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Burnet occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in North Burnet.
Market Report

Market Data

Real time and historical data on commercial real estate listings in North Burnet.
Research