Most listings are in the $30's per square foot per year. The Washington Avenue - Memorial Park submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 38 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Washington Avenue - Memorial Park 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 420 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the residents of Washington Avenue - Memorial Park work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.