West Lake Hills Retail

West Lake Hills

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
2,800
As of: February 19, 2017

West Lake Hills Rates

The typical asking rate per listing is in the $30's per square foot per year. The West Lake Hills region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.

Compared to the rest of the Greater Austin market, the West Lake Hills submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

West Lake Hills Listing Supply

In the last 90 days, 12 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the available space in the West Lake Hills are subleases, so you might be able to find a shorter term or below market rent. 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 2,800 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1985 and are Class B.

West Lake Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Lake Hills occupants. Commuting around 20 minutes 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 West Lake Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West Lake Hills.
Research