On average, listings lease in the $10's per square foot per year. The Centre Business Park region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Houston Metro market, the Centre Business Park region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 34 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Centre 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 720 sqft. Most buildings in this region are around 11 floors. Most buildings in this market were built in 1983 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Centre Business Park residents. 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 Centre Business Park.
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