Memorial Office Space

Memorial

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,860
As of: June 23, 2017

Memorial Rates

The typical asking rate per listing is in the $20's per square foot per year. The Memorial submarket is going through a a rise in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Compared to the rest of the Houston Metro market, the Memorial submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Memorial Listing Supply

In the last 90 days, 3 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 367% of the listings in the Memorial 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,860 sqft. Most buildings in this area are around 7 floors. Most buildings in this market were built in 1983 and are Class A.

Memorial Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Memorial folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Memorial.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Memorial.
Research

Houston Submarkets