The typical asking rate per listing is in the $30's per square foot per year. The Downtown Houston submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. About 102% of the listings in the Downtown Houston are subleases, so you might be able to snag a great spot on a short term. 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 25,140 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 14 stories. Most buildings in this area were built in 1962 and are Class A.
Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Houston folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.