Downtown Galveston Retail

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Downtown Galveston

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,030
As of: December 3, 2016

Downtown Galveston Rates

On average, listings lease in the $20's per square foot per year. The Downtown Galveston region is experiencing a an increase in rates. In the last 3 months, the median rate went up $24 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the Houston Metro market, the Downtown Galveston region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Downtown Galveston Listing Supply

In the last 90 days, 9 listings have come on the market, which means new availabilities are probably going fast. 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 1,030 sqft. Most buildings in this region are approximately 12 floors. Most buildings in this area were built in 1973 and are Class B.

Downtown Galveston Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Galveston folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Galveston.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Galveston.
Research