The typical asking rate per listing is in the $20's per square foot per year. The North Loop submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $23 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater Austin market, the North Loop submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 5 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the North Loop 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 850 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Loop occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.