On average, listings lease in the $30's per square foot per year. The Downtown Houston region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1070 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available space in the Downtown Houston are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 25,140 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 14 floors. Most buildings in this market were built in 1962 and are Class A.
Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Houston residents. Commuting close to 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 Downtown Houston.
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