The typical asking rate per listing is in the $30's per square foot per year. The North Burnet region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Greater Austin market, the North Burnet submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the North Burnet are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,870 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1994 and are Class A.
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 residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.