On average, listings lease in the $20's per square foot per year. The Shavano Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the Greater Austin market, the Shavano Park region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 38% of the office spaces in the Shavano Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 16,850 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this area were built in 2008 and are Class A.