The typical asking rate per listing is in the $20's per square foot per year. The The Echelon region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Greater Austin market, the The Echelon submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the office spaces in the The Echelon are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,990 sqft. Most properties in this market are around 4 stories. Most buildings in this market 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 occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.