On average, listings lease in the $20's per square foot per year. The Galveston region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Houston Metro market, the Galveston submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 79 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available space in the Galveston are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,460 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1973 and are Class B.
Real time and historical data on commercial real estate listings in Galveston.
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