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On average, commerial real estate listings lease in the $20's per square foot per year. The East Independence Heights region is going through a a boost in rates. In the last 3 months, the median rate for lease rose $21 per sqft per year.
Compared to the rest of the Houston Metro commercial real estate market, the East Independence Heights submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 commercial real estate listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available commercial real estate leases in the East Independence Heights are subleases, so you might be able to find a shorter term or below market rent. 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 size for office space in this area is around 1,830 sqft. Most buildings in this market were built approximately 1979 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst East Independence Heights 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 East Independence Heights.
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