On average, listings lease in the $20's per square foot per year. The North Burnet submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Greater Austin market, the North Burnet region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 27% 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 4,070 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1994 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Burnet folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.