On average, listings lease in the $30's per square foot per year. The West Lake Hills region is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Greater Austin market, the West Lake Hills region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new listings are probably 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.
The standard measurement for office space in this area is around 2,320 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1985 and are Class B.