Downtown Galveston Industrial

Downtown Galveston

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
1,530
As of: June 27, 2017

Downtown Galveston Rates

Most listings are in the $20's per square foot per year. The Downtown Galveston submarket is going through a a boost in rates. In the last 3 months, the median rate went up $23 per sqft per year.

Compared to the rest of the Houston Metro market, the Downtown Galveston region has greater rates, and you'll need to make a great offer to be in this hot region.

Downtown Galveston Listing Supply

In the last 90 days, 15 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the listings in the Downtown Galveston 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.

The standard measurement for office space in this area is around 1,530 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1973 and are Class B.

Downtown Galveston Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Galveston occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Galveston.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Galveston.
Research