On average, listings lease in the $30's per square foot per year. The Hill Country Galleria region is going through a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Greater Austin market, the Hill Country Galleria submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces 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 2,510 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 2015 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents 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.