On average, listings lease in the $30's per square foot per year. The North Burnet - Gateway region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Greater Austin market, the North Burnet - Gateway region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the North Burnet - Gateway are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,870 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1999 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst North Burnet - Gateway folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.