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On average, commerial real estate listings lease in the $20's per square foot per year. The Braesgate region is seeing a a rise in rates. In the last 3 months, the median rate for lease increased $2 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Houston Metro commercial real estate market, the Braesgate region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 57 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 460 sqft. Most buildings in this region are around 5 stories. Most buildings in this area were built approximately 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Braesgate folk. Commuting approximately an hour 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 Braesgate.
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