The typical asking rate per listing is in the $30's per square foot per year. The West Lake Hills region is going through a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Greater Austin market, the West Lake Hills region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 860 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1985 and are Class B.