Most listings are in the $20's per square foot per year. The Westlake Crossroads submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Greater Austin market, the Westlake Crossroads region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1982 and are Class B.
This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Most of the occupants of Westlake Crossroads work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.