On average, listings lease in the $20's per square foot per year. The Neartown - Montrose region is going through a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Houston Metro market, the Neartown - Montrose submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 67% of the available leases in the Neartown - Montrose 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,820 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1978 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Neartown - Montrose residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.