Most listings are in the $20's per square foot per year. The Highland submarket is going through a decrease in rates. In the last 3 months, the median rate fell $43 per sqft per year. That's a 65% decline in rent.
Compared to the rest of the Greater Austin market, the Highland submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Highland 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,010 sqft. Most buildings in this market are around 5 floors. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Highland residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.