The typical asking rate per listing is in the $30's per square foot per year. The Westpark Square Professional Center submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $22 per sqft per year. That's a 38% decline in rent.
Compared to the rest of the Greater Austin market, the Westpark Square Professional Center region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 2002 and are Class A.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Westpark Square Professional Center residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.