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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The South Central Houston region is seeing a a boost in rates. In the last 3 months, the median rate for lease rose $17 per sqft per year. That's a 64% increase in rent.
Compared to the rest of the Houston Metro commercial real estate market, the South Central Houston region has more expensive rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 287 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the South Central Houston are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,700 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built close to 1960 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst South Central Houston 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 South Central Houston.
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