The typical asking rate per listing is in the $30's per square foot per year. The Energy Corridor region is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 860 listings have come on the market, so you'll want to check back regularly for new listings. About 23% of the available space in the Energy Corridor 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 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 440 sqft. Most properties in this market are approximately 5 floors. Most buildings in this market were built in 1983 and are Class A.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Energy Corridor folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Energy Corridor.
Get email notifications when new listings are posted that match your requirements.