On average, listings lease in the $20's per square foot per year. The Maplewood Square submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Houston Metro market, the Maplewood Square region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 13,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the residents of Maplewood Square work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.