On average, listings lease in the $20's per square foot per year. The Westlake Crossroads region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Greater Austin market, the Westlake Crossroads submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
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 tour spaces as quick as possible. About 25% of the listings in the Westlake Crossroads 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 3 floors. 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 residents 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.