The typical asking rate per listing is in the $30's per square foot per year. The St. Edwards region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Greater Austin market, the St. Edwards region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available leases in the St. Edwards are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1984 and are Class C.
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. Most of the folk of St. Edwards work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.