On average, listings lease in the $20's per square foot per year. The Lakeway submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 53% decrease in rent.
Compared to the rest of the Greater Austin market, the Lakeway submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 8 listings have been listed, which means spaces 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1999 and are Class A.