On average, listings lease in the $30's per square foot per year. The The Echelon region is seeing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Greater Austin market, the The Echelon submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings in the The Echelon 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.
Even though the median size is 3,420 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 4 stories. Most buildings in this region were built in 1984 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst The Echelon occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.