On average, listings lease in the $20's per square foot per year. The Waco submarket is going through a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 27% increase in rent.
In the last 90 days, 7 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Waco are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,590 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1981 and are Class A.