Most listings are in the $30's per square foot per year. The Washington Avenue - Memorial Park region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 160 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the listings in the Washington Avenue - Memorial Park 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.
The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Most of the occupants of Washington Avenue - Memorial Park work from home. 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 Washington Avenue - Memorial Park.
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