On average, listings lease in the $20's per square foot per year. The Allandale submarket is going through a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Greater Austin market, the Allandale submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,870 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 2005 and are Class A.
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 folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.