West Lake Hills Sublease

West Lake Hills

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,610
As of: February 26, 2017

West Lake Hills Rates

The typical asking rate per listing is in the $20's per square foot per year. The West Lake Hills submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the Greater Austin market, the West Lake Hills submarket has more expensive 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, 16 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the West Lake Hills are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,610 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market 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 occupants. Commuting close to 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