On average, listings lease in the $20's per square foot per year. The Great Uptown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Houston Metro market, the Great Uptown submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 222 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Great Uptown are subleases, so you will probably have to consider a longer term lease. 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 3,770 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 9 floors. Most buildings in this region were built in 1979 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Great Uptown folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.