On average, listings lease in the $30's per square foot per year. The Memorial region is experiencing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 44% increase in rent.
Compared to the rest of the Houston Metro market, the Memorial region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 219 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available space in the Memorial are subleases, so you will probably have to focus your search on direct office leases. 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 6,050 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 7 floors. Most buildings in this market were built in 1982 and are Class A.
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 area. Commute by taxi is the most popular way to get to work amongst Memorial residents. Commuting approximately 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 Memorial.
Get email notifications when new listings are posted that match your requirements.