The typical asking rate per listing is in the $30's per square foot per year. The San Marcos submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Greater Austin market, the San Marcos region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1981 and are Class A.