Heritage Center Retail

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Heritage Center

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
6,600
As of: December 6, 2016

Heritage Center Rates

The typical asking rate per listing is in the $20's per square foot per year. The Heritage Center submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Greater Austin market, the Heritage Center submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Heritage Center Listing Supply

In the last 90 days, 5 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 6,600 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 2009.

Heritage Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Heritage Center folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Heritage Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Heritage Center.
Research

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