Most listings are in the $30's per square foot per year. The Midtown region is experiencing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Houston Metro market, the Midtown submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 103 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the listings in the Midtown are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,900 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Midtown folk. Commuting between 20 and 25 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 Midtown.
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