The typical asking rate per listing is in the $30's per square foot per year. The Hill Country Galleria region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Greater Austin market, the Hill Country Galleria region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Hill Country Galleria 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 5,040 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 3 stories.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the folk of Hill Country Galleria work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.