The typical asking rate per listing is in the $20's per square foot per year. The The Setting submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Greater Austin market, the The Setting submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 500% of the office spaces in the The Setting 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,280 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 2000 and are Class A.
Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst The Setting residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.