On average, listings lease in the $20's per square foot per year. The Lakeway submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 53% decline in rent.
Compared to the rest of the Greater Austin market, the Lakeway region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, 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 market are close to 2 stories. Most buildings in this region were built in 1999 and are Class A.