Most listings are in the $30's per square foot per year. The East Riverside-Oltorf submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 56% increase in rent.
Compared to the rest of the Greater Austin market, the East Riverside-Oltorf submarket has greater 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 office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the East Riverside-Oltorf are subleases, so you might be able to find a shorter term or below market rent. 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 7,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this region were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst East Riverside-Oltorf residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.