The typical asking rate per listing is in the $20's per square foot per year. The Hearthwood Business Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Houston Metro market, the Hearthwood Business Park region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 209 listings have come on the market, so you'll want to check back regularly for new listings. About 42% of the office spaces in the Hearthwood Business Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 measurement for office space in this area is around 800 sqft. Most buildings in this market are around 6 floors. Most buildings in this area were built in 1983 and are Class B.
Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Hearthwood Business Park occupants. Commuting between 30 and 45 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 Hearthwood Business Park.
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