Most listings are in the $40's per square foot per year. The University Place submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 19% rise in rent.
Compared to the rest of the Houston Metro market, the University Place submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 88 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the office spaces in the University Place are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 840 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst University Place occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.