West Lake Hills Sublease

West Lake Hills

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,180
As of: December 5, 2016

West Lake Hills Rates

The typical asking rate per listing is 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 $8 per sqft per year. That's a 30% rise in rent.

Compared to the rest of the Greater Austin market, the West Lake Hills submarket has greater rates, and you'll need to make a great offer to be in this hot region.

West Lake Hills Listing Supply

In the last 90 days, 18 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the available space in the West Lake Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,160 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1985 and are Class B.

West Lake Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Lake Hills residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in West Lake Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West Lake Hills.
Research