The typical asking rate per listing is in the $20's per square foot per year. The St. Edwards submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Greater Austin market, the St. Edwards submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the St. Edwards are subleases, so you might be able to snag a great spot on a short term. 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 2,310 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the residents of St. Edwards work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.