The typical asking rate per listing is in the $30's per square foot per year. The Greater South River City region is seeing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Greater Austin market, the Greater South River City region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 3,380 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region 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 region. 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.