The typical asking rate per listing is in the $20's per square foot per year. The North Shoal Creek region is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Greater Austin market, the North Shoal Creek region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 13 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 31% of the listings in the North Shoal Creek 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this market were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst North Shoal Creek occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.