The typical asking rate per listing is in the $50's per square foot per year. The St. Edwards region is seeing a an increase in rates. In the last 3 months, the median rate rose $57 per sqft per year.
Compared to the rest of the Greater Austin market, the St. Edwards region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the available space in the St. Edwards 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.
Even though the median size is 2,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1984 and are Class C.
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 close to an hour a day is the norm for those who opt to reside in this part of town.