Hancock Sublease

Hancock

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
4,320
As of: August 17, 2017

Hancock Rates

Most listings are in the $20's per square foot per year. The Hancock submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $29 per sqft per year.

Compared to the rest of the Greater Austin market, the Hancock region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Hancock Listing Supply

In the last 90 days, 3 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Hancock are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,320 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area were built in 2009 and are Class A.

Hancock Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Hancock residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Hancock.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hancock.
Research

Austin Submarkets