On average, listings lease in the $20's per square foot per year. The Downtown Galveston region is seeing a a boost in rates. In the last 3 months, the median rate rose $23 per sqft per year.
Compared to the rest of the Houston Metro market, the Downtown Galveston region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 47% of the listings in the Downtown Galveston are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1973 and are Class B.
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 region. Commute by car is the most popular way to get to work amongst Downtown Galveston residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.