Most listings are in the $30's per square foot per year. The Uptown-Galleria submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Houston Metro market, the Uptown-Galleria submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 124 listings have been made available, so you'll want to check back regularly for new listings. About 29% of the available leases in the Uptown-Galleria 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 11,430 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 11 stories. Most buildings in this area were built in 1978 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Uptown-Galleria residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.