The typical asking rate per listing is in the $30's per square foot per year. The Neartown - Montrose submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the Houston Metro market, the Neartown - Montrose submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 146 listings have been made available, so you'll want to check back regularly for new listings. About 15% of the listings in the Neartown - Montrose 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.
Even though the median size is 9,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1975 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Neartown - Montrose occupants. Commuting under 5 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 Neartown - Montrose.
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