Bee Cave - Market Area Profile

Overview
Located west of Austin along Highway 71, the area of Bee Cave has a beautiful landscape that creates a uniquely rustic atmosphere. The limestone in the natural scenery and local buildings reminds you that you’re right on the eastern foot of Texas’ stunning Hill Country.

 

Many local businesses take advantage of Bee Cave’s natural surroundings to bring you a piece of the outdoors. Austin’s open-air music venue, The Backyard, provides a natural backdrop for many music legends including Bob Dylan and Willie Nelson.

 

The Hill Country Galleria, home of Bee Cave retail shops and Austin retail space for lease, is where locals can enjoy outdoor shopping for popular national brands. A valued gem just west of town is Hamilton Pool, a natural swimming hole beneath a fifty-foot waterfall. Though the site is a natural preserve to protect its beauty and surrounding wildlife, locals can visit the park during summer months to enjoy a swim.

 

Area Profile
The Bee Cave area contributes to the many commercial spaces in Austin’s greater Southwest region. This entire region provides plenty of class A and B spaces among the nearly 400 office buildings, totaling 10.5 million SF of Austin office space. Our clients Radient RFID and Rigby Advanced Dental have both enjoyed their new offices at the Hill Country Galleria.

 

Leasing prices can range from $28 SF for class A space, $24 for class B space, and $22 for class C space. Also found throughout the Southwest region are 100 buildings of Austin warehouse space which provide nearly 4 million SF of space with an average leasing rate of $12 SF. And, there are plenty of retail spaces with 7.6 million SF of space among the 360 buildings. To lease retail space in Bee Cave, expect an average leasing rate of about $23 SF.

 

Area and Community Info
In addition to the large amount of retail space, the Hill Country Galleria provides buildings for working and living and Bee Cave City Hall is located here.  Just across the street, The Shops at the Galleria also provide more retail shopping and several restaurants like Mandola's Italian Market, Gumbo's and Waterloo.

 

As the area around Highway 71 develops, it continues to bring more and more businesses like Whole Foods Market that’s planned for opening in 2012. The area of Bee Cave is a great place to find lovely neighborhoods like Falconhead West and The Ridge at Alta Vista.

 

This is a highly desirable community within the Lake Travis school district offering exemplary eduction.  The median price of a home in this area is $425,000.