Most listings are in the $30's per square foot per year. The Govalle-Johnston Terrace submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $37 per sqft per year.
Compared to the rest of the Greater Austin market, the Govalle-Johnston Terrace submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the Govalle-Johnston Terrace 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,090 sqft. Most buildings in this market are around 1 floors. Most buildings in this area were built in 2016 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Govalle-Johnston Terrace folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.