On average, listings lease in the $30's per square foot per year. The East Oak Hill submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Greater Austin market, the East Oak Hill submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 150% of the listings in the East Oak Hill 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 posted, so finding a space for a small business might be tough.
Even though the median size is 9,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst East Oak Hill folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.