On average, listings lease in the $20's per square foot per year. The Hollywood Park region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Greater Austin market, the Hollywood Park submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,360 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 2011 and are Class B.