On average, listings lease in the $0's per square foot per year. The Old West Austin submarket is seeing a decline in rates. In the last 3 months, the median rate fell $40 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Old West Austin are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 27,160 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Old West Austin occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.