On average, listings lease in the $30's per square foot per year. The North Burnet - Gateway region is going through a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Greater Austin market, the North Burnet - Gateway region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the North Burnet - Gateway are subleases, so you might be able to find a shorter term or below market rent. 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 region are around 1 floors. Most buildings in this area 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 region. Commute by walking is the most popular way to get to work amongst North Burnet - Gateway residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.