On average, listings lease in the $30's per square foot per year. The Riata Corporate Park submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Greater Austin market, the Riata Corporate Park submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 14,660 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1999 and are Class A.
Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Riata Corporate Park residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.