On average, listings lease in the $20's per square foot per year. The Downtown Houston region is going through a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 16% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,980 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 16 floors. Most buildings in this area were built in 1962 and are Class A.
Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Downtown Houston residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.