Groesbeck Area Sublease

Groesbeck Area

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
8,000
As of: June 26, 2017

Groesbeck Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Groesbeck Area submarket is going through a an increase in rates. In the last 3 months, the median rate rose $23 per sqft per year.

Groesbeck Area Listing Supply

In the last 90 days, 3 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the Groesbeck Area 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 posted, so finding a space for a small business might be tough.

Even though the median size is 8,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1966 and are Class B.

Groesbeck Area Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Groesbeck Area occupants. Commuting approximately an hour and a half 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 Groesbeck Area.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Groesbeck Area.
Research