On average, listings lease in the $40's per square foot per year. The Hardrock Canyon region is seeing a a rise in rates. In the last 3 months, the median rate increased $19 per sqft per year. That's a 60% increase in rent.
Compared to the rest of the Greater Austin market, the Hardrock Canyon region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Hardrock Canyon 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 1,750 sqft. Most buildings in this region are close to 5 floors. Most buildings in this region were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hardrock Canyon residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.