The typical asking rate per listing is in the $20's per square foot per year. The Northwest Austin region is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Greater Austin market, the Northwest Austin submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 17 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 35% of the office spaces in the Northwest Austin 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 1,750 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Northwest Austin occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.