The typical asking rate per listing is in the $20's per square foot per year. The North Shoal Creek submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Greater Austin market, the North Shoal Creek region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 14 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the North Shoal Creek are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,570 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this region were built in 1984 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 area. Commute by motorcycle is the most popular way to get to work amongst North Shoal Creek residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.