West Lake Hills Sublease

West Lake Hills

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,130
As of: May 19, 2017

West Lake Hills Rates

On average, listings lease in the $30's per square foot per year. The West Lake Hills submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Greater Austin market, the West Lake Hills region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

West Lake Hills Listing Supply

In the last 90 days, 13 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 8% of the listings in the West Lake Hills are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,130 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area 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 region. Commute by walking is the most popular way to get to work amongst West Lake Hills occupants. Commuting approximately 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