The typical asking rate per listing is in the $40's per square foot per year. The Citywest Place submarket is going through a an increase in rates. In the last 3 months, the median rate went up $42 per sqft per year.
Compared to the rest of the Houston Metro market, the Citywest Place submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 35 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the office spaces in the Citywest Place 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 posted, so finding a space for a small business might be tough.
Even though the median size is 25,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 15 floors. Most buildings in this region were built in 2000 and are Class A.
Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Citywest Place 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 Citywest Place.
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