The typical asking rate per listing is in the $30's per square foot per year. The Hill Country Galleria region is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Greater Austin market, the Hill Country Galleria submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Hill Country Galleria are subleases, so you might be able to snag a great spot on a short term. 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 2,770 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 2015 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. 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.