On average, listings lease in the $30's per square foot per year. The The Echelon submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Greater Austin market, the The Echelon region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the The Echelon 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,420 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this region were built in 1984 and are Class A.
This area 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 residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.