On average, listings lease in the $10's per square foot per year. The Central West Austin region is experiencing a a rise in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Greater Austin market, the Central West Austin submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been posted online, which means new listings are probably 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.
Even though the median size is 3,080 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the folk of Central West Austin work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.