Local business owner shares reasons behind high rent
By CASSIE MCKEE
Four Points News
Commercial rents in Four Points are among the highest in the Austin area making it hard for some business owners to stay in business.
“When we opened in Steiner, this was the first and only retail shopping in the area,” Alica Harrison said. She and her husband Tom are co-owners of Wild Basin Fitness, located in the Vista Ridge Shopping Center in Steiner Ranch. They have been in business for 10 years and are going strong and steady, but they have seen the area change a lot over the last decade.
Alica Harrison said most of the retail in the Steiner area rents for $25-$30 per square foot plus triple net (taxes, insurance, expenses), which can add another $11-$15/foot.
“At that rate, we would be paying $253,000 to $317,000 a year in rent, which is completely unsustainable,” Harrison said. “This is one reason you see such high turnover in local retail developments. The rent and expenses are simply too high for most businesses to survive.”
Gail Whitfield, owner of The Whitfield Company and a commercial realtor with more than 30 years of experience, said Four Points is the third most expensive area of the city for business, coming in behind the Domain and the Arboretum areas.






