The typical asking rate per listing is in the $30's per square foot per year. The The Austin Center region is experiencing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Greater Austin market, the The Austin Center submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the The Austin Center 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,730 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1994 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst The Austin Center occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.