The typical asking rate per listing is in the $20's per square foot per year. The Waco region is experiencing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 20% increase in rent.
In the last 90 days, 11 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Waco are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1979 and are Class A.