The typical asking rate per listing is in the $20's per square foot per year. The Great Uptown submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Houston Metro market, the Great Uptown region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 200 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the available space in the Great Uptown are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,640 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 9 floors. Most buildings in this region were built in 1979 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Great Uptown occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.