North Burnet Sublease

North Burnet

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
3,030
As of: December 10, 2016

North Burnet Rates

On average, listings lease in the $30's per square foot per year. The North Burnet submarket is going through a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 22% increase in rent.

Compared to the rest of the Greater Austin market, the North Burnet region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

North Burnet Listing Supply

In the last 90 days, 7 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the North Burnet 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,876 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1994 and are Class A.

North Burnet Community

A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst North Burnet occupants. 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 North Burnet.
Market Report

Market Data

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