Most listings are in the $30's per square foot per year. The Riata Corporate Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Greater Austin market, the Riata Corporate Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means leases are probably going fast. 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 7,054 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region 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 occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.