The typical asking rate per listing is in the $30's per square foot per year. The Allandale submarket is going through a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 30% increase in rent.
Compared to the rest of the Greater Austin market, the Allandale submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 167% of the office spaces in the Allandale 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 6,030 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Allandale residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.