On average, listings lease in the $30's per square foot per year. The Downtown Waxahachie region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Downtown Waxahachie submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 870 sqft. Most buildings in this area were built in 1944 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Waxahachie folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.