On average, listings lease in the $20's per square foot per year. The San Felipe Green submarket is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Houston Metro market, the San Felipe Green submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the San Felipe Green are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 26,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 8 stories. Most buildings in this market were built in 1976 and are Class B.
Public administration is the dominant industry in this area. 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.