The typical asking rate per listing is in the $20's per square foot per year. The The Setting region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Greater Austin market, the The Setting region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been listed, which means leases might be going fast. 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 find a shorter term or below market rent. 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 45,240 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market 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 market. Commute by car is the most popular way to get to work amongst The Setting occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.