The typical asking rate per listing is in the $20's per square foot per year. The North Burnet - Gateway submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Greater Austin market, the North Burnet - Gateway submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the listings in the North Burnet - Gateway are subleases, so you might be able to snag a great spot on a short term. 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 7,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this area were built in 1999 and are Class A.
A large portion of this area 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 close to 15 minutes a day is the norm for those who opt to reside in this part of town.