The typical asking rate per listing is in the $10's per square foot per year. The Centre Business Park region is experiencing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Houston Metro market, the Centre Business Park submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 25 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 68% of the available leases in the Centre Business Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,080 sqft. Most buildings in this area are around 11 floors. Most buildings in this region were built in 1983 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Centre Business Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.