The typical asking rate per listing is in the $30's per square foot per year. The Shavano Park submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Greater Austin market, the Shavano Park submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,160 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 2013 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Shavano Park occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.