On average, listings lease in the $20's per square foot per year. The Downtown Houston region is going through a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decline in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 138 listings have come on the market, so you'll want to check back regularly for new listings. About 47% of the listings in the Downtown Houston are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 13,080 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 16 floors. Most buildings in this market were built in 1962 and are Class A.
Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Houston occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.