On average, listings lease in the $10's per square foot per year. The East Congress region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Greater Austin market, the East Congress submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst East Congress residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.