The typical asking rate per listing is in the $30's per square foot per year. The Great Uptown region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Houston Metro market, the Great Uptown region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1826 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the listings in the Great Uptown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,220 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 9 floors. Most buildings in this market were built in 1979 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Great Uptown occupants. Commuting under 5 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 Great Uptown.
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