On average, listings lease in the $10's per square foot per year. The Galveston region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Houston Metro market, the Galveston region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 29 listings have come on the market, which means new listings 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1973 and are Class B.