Downtown Galveston Sublease

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Downtown Galveston

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,290
As of: January 17, 2017

Downtown Galveston Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Galveston region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease 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 undervalued region.

Downtown Galveston Listing Supply

In the last 90 days, 2 listings have been made available, which means new listings 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 2,500 sqft. Most properties in this region are close to 12 stories. 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 area. Commute by car is the most popular way to get to work amongst Downtown Galveston residents. 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