The typical asking rate per listing is in the $20's per square foot per year. The The Echelon submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Greater Austin market, the The Echelon submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 13% of the office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,170 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 4 stories. 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 area. Commute by car is the most popular way to get to work amongst The Echelon folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.