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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Midtown region is going through a an increase in rates. In the last 3 months, the median rate for lease went up $6 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Houston Metro commercial real estate market, the Midtown submarket has more expensive rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 103 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. 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 size for office space in this area is around 3,900 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built approximately 1964 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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