The typical asking rate per listing is in the $20's per square foot per year. The Riata Corporate Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Greater Austin market, the Riata Corporate Park submarket has less expensive 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 office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Riata Corporate Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 14,050 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1999 and are Class A.
Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Riata Corporate Park folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.