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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Greater South River City submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease rose $4 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Greater Austin commercial real estate market, the Greater South River City region has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 102 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Greater South River City 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 27,400 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built around 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the residents of Greater South River City work from home. Commuting more than an hour and a half 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 Greater South River City.
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