The typical asking rate per listing is in the $10's per square foot per year. The University Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Houston Metro market, the University Park region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have been posted online, which means spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 29,540 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this region were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Most of the folk of University Park work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.