Most listings are in the $20's per square foot per year. The The Setting submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Greater Austin market, the The Setting submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the The Setting 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 2000 and are Class A.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst The Setting folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.