The typical asking rate per listing is in the $10's per square foot per year. The Waco submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 27% decline in rent.
In the last 90 days, 5 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Waco 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1981 and are Class A.