On average, listings lease in the $50's per square foot per year. The Westpark Square Professional Center region is going through a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 42% rise in rent.
Compared to the rest of the Greater Austin market, the Westpark Square Professional Center region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Westpark Square Professional Center 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.
The standard measurement for office space in this area is around 200 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 2002 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 Westpark Square Professional Center occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.