On average, listings lease in the $30's per square foot per year. The Energy Corridor submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 860 listings have come on the market, so you'll want to check back regularly for new listings. About 23% of the available space in the Energy Corridor 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 440 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this region were built in 1983 and are Class A.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Energy Corridor residents. Commuting close to 30 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 Energy Corridor.
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