The typical asking rate per listing is in the $20's per square foot per year. The The Echelon region is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Greater Austin market, the The Echelon region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 8 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the The Echelon 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,550 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market were built in 1984 and are Class A.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst The Echelon occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.