Old West Austin Sublease

Old West Austin

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
570
As of: August 20, 2017

Old West Austin Rates

The typical asking rate per listing is in the $40's per square foot per year. The Old West Austin region is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 12% increase in rent.

Compared to the rest of the Greater Austin market, the Old West Austin region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Old West Austin Listing Supply

In the last 90 days, 5 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 140% of the listings 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 570 sqft. Most buildings in this market were built in 1962 and are Class A.

Old West Austin Community

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 region. Commute by motorcycle is the most popular way to get to work amongst Old West Austin residents. Commuting around an hour and a half 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 Old West Austin.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old West Austin.
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