The typical asking rate per listing is in the $20's per square foot per year. The Bellaire submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Houston Metro market, the Bellaire region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means listings might be leasing quickly. 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 20,030 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this market were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Bellaire residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.