The typical asking rate per listing is in the $10's per square foot per year. The The Strand submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 41% decline in rent.
Compared to the rest of the Houston Metro market, the The Strand submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are approximately 12 stories. Most buildings in this area were built in 1973 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst The Strand occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.