On average, listings lease in the $30's per square foot per year. The River Place Centre region is going through a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Greater Austin market, the River Place Centre region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 0 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the River Place Centre are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this region are around 4 stories. Most buildings in this area were built in 2000 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Most of the residents of River Place Centre 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.