North Burnet - Gateway Sublease

North Burnet - Gateway

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 - Gateway Rates

On average, listings lease in the $30's per square foot per year. The North Burnet - Gateway region is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.

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

North Burnet - Gateway Listing Supply

In the last 90 days, 10 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the listings in the North Burnet - Gateway are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,030 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this market were built in 1999 and are Class A.

North Burnet - Gateway Community

A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst North Burnet - Gateway 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 North Burnet - Gateway.
Market Report

Market Data

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