On average, listings lease in the $20's per square foot per year. The Southbelt - Ellington region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Houston Metro market, the Southbelt - Ellington region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 12 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,120 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Most of the residents of Southbelt - Ellington 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.