The typical asking rate per listing is in the $30's per square foot per year. The Allandale region is going through a a rise in rates. In the last 3 months, the median rate went up $34 per sqft per year.
Compared to the rest of the Greater Austin market, the Allandale 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, 3 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 167% of the office spaces in the Allandale are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 market are around 2 stories. 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 market. Commute by car is the most popular way to get to work amongst Allandale occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.