On average, listings lease in the $30's per square foot per year. The St. Johns region is seeing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Greater Austin market, the St. Johns submarket has higher 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 leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 buildings in this region are approximately 3 floors. 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 folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.