Most listings are in the $20's per square foot per year. The Memorial region is experiencing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 41% rise in rent.
Compared to the rest of the Houston Metro market, the Memorial submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 219 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available space in the Memorial are subleases, so you will probably have to consider a longer term 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 1,310 sqft. Most buildings in this region are close to 7 stories. Most buildings in this region were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Memorial folk. Commuting approximately 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 Memorial.
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