The typical asking rate per listing is in the $30's per square foot per year. The West Lake Hills submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Greater Austin market, the West Lake Hills region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 138% of the office spaces in the West Lake Hills 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 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 2,130 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1985 and are Class B.
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 folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.