The typical asking rate per listing is in the $30's per square foot per year. The Parker Lane submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $35 per sqft per year.
Compared to the rest of the Greater Austin market, the Parker Lane submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Parker Lane 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,600 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 1986.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Parker Lane residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.