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On average, commerial real estate listings lease in the $20's per square foot per year. The Mayfair region is seeing a a boost in rates. In the last 3 months, the median rate for lease increased $24 per sqft per year.
Compared to the rest of the Houston Metro commercial real estate market, the Mayfair submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot region.
In the last 90 days, 13 commercial real estate listings have been posted online, which means new listings are probably leasing quickly. 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 size for office space in this area is around 12,300 sqft. Most buildings in this market are approximately 20 stories. Most buildings in this area were built approximately 2002 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Mayfair occupants. Commuting around 15 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 Mayfair.
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