The typical asking rate per listing is in the $30's per square foot per year. The Greater South River City submarket is seeing a a boost 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 more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means office spaces 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 find a shorter term or below market rent. 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 2,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area 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 market. Most of the residents 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.