The typical asking rate per listing is in the $20's per square foot per year. The Chinatown region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Houston Metro market, the Chinatown region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 79 listings have come on the market, so you'll want to check back regularly for new listings. About 73% of the available space in the Chinatown are subleases, so you might be able to snag a great spot on a short term. 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 780 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Chinatown folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.