Most listings are in the $30's per square foot per year. The St. Johns region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Greater Austin market, the St. Johns submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 178% of the available space in the St. Johns 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 1,420 sqft. Most properties in this market are around 3 stories. Most buildings in this region were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst St. Johns occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.