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Most commerial real estate listings for lease are in the $50's per square foot per year. The Hill Country Galleria region is experiencing a a rise in rates. In the last 3 months, the median rate for lease increased $18 per sqft per year. That's a 55% rise in rent.
Compared to the rest of the Greater Austin commercial real estate market, the Hill Country Galleria region has higher rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 180 days, 38 commercial real estate listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available commercial real estate leases in the Hill Country Galleria are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,330 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built close to 2015 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Hill Country Galleria work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Hill Country Galleria.
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