The typical asking rate per listing is in the $10's per square foot per year. The Park Ten Place submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Houston Metro market, the Park Ten Place region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 114 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the available space in the Park Ten Place are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1982 and are Class B.
Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Park Ten Place residents. 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 Park Ten Place.
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