On average, listings lease in the $20'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 increased $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 155 listings have been posted online, so you'll want to check back regularly for new listings. About 23% of the listings in the Energy Corridor 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,050 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this area 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 folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.