The typical asking rate per listing is in the $20's per square foot per year. The Energy Corridor region is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 155 listings have been posted online, so you'll want to check back regularly for new listings. About 21% of the office spaces in the Energy Corridor 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,050 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this market were built in 1983 and are Class A.
This region 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 close to 30 minutes a day is the norm for those who opt to reside in this part of town.