The typical asking rate per listing is in the $30's per square foot per year. The Energy Corridor region is experiencing a an increase in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 52% rise in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 155 listings have been listed, so you'll want to check back regularly for new listings. About 67% of the office spaces in the Energy Corridor 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 490 sqft. Most properties in this region are around 5 stories. Most buildings in this market were built in 1983 and are Class A.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Energy Corridor occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.