Washington Avenue - Memorial Park Industrial

Washington Avenue - Memorial Park

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

Washington Avenue - Memorial Park Rates

On average, listings lease in the $30's per square foot per year. The Washington Avenue - Memorial Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.

Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Washington Avenue - Memorial Park Listing Supply

In the last 90 days, 8 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the Washington Avenue - Memorial Park 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,240 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1983 and are Class B.

Washington Avenue - Memorial Park Community

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 area. Most of the folk of Washington Avenue - Memorial Park work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Washington Avenue - Memorial Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Washington Avenue - Memorial Park.

Houston Submarkets