On average, listings lease in the $30's per square foot per year. The Greater South River City submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Greater Austin market, the Greater South River City region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Greater South River City 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,740 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 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 occupants 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.