On average, listings lease in the $30's per square foot per year. The San Felipe Green submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $37 per sqft per year.
Compared to the rest of the Houston Metro market, the San Felipe Green region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the San Felipe Green 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,350 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 8 floors. Most buildings in this area were built in 1976 and are Class B.
Public administration is the dominant industry in this region. Most of the occupants of San Felipe Green work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.