On average, listings lease in the $20's per square foot per year. The Energy Corridor submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 159 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Energy Corridor are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 940 sqft. Most properties in this region are approximately 5 floors. Most buildings in this region were built in 1983 and are Class A.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Energy Corridor occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.