The typical asking rate per listing is in the $20's per square foot per year. The West Oak Hill submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Greater Austin market, the West Oak Hill region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the listings in the West Oak Hill 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 29,150 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Oak Hill residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.