On average, listings lease in the $20's per square foot per year. The Downtown Galveston submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the Houston Metro market, the Downtown Galveston region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 15 listings have been listed, which means spaces most likley are leasing quickly. 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 1,290 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1973 and are Class B.
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.