On average, listings lease in the $40's per square foot per year. The Groesbeck Area submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $50 per sqft per year.
In the last 90 days, 1 listings have come on the market, which means new listings 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 80 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Groesbeck Area folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.