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On average, commerial real estate listings lease in the $150's per square foot per year. The Westpark Center submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $158 per sqft per year.
Compared to the rest of the Houston Metro commercial real estate market, the Westpark Center region has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 14 commercial real estate listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 22,420 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built approximately 1969 and are Class B.
A large portion of this area is residential, but there's plenty of office space. Information is the dominant industry in this area. Most of the residents of Westpark Center work from home. Commuting around 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 Westpark Center.
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