On average, listings lease in the $20's per square foot per year. The West University region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 18% rise in rent.
In the last 90 days, 1 listings have been listed, which means new listings 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1910 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the occupants of West University work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.