On average, listings lease in the $30's per square foot per year. The Midtown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $37 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Houston Metro market, the Midtown submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the listings in the Midtown 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.
Even though the median size is 4,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Midtown residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.