Neartown - Montrose Office Space

Neartown - Montrose

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 26, 2016

Neartown - Montrose Rates

The typical asking rate per listing is in the $30's per square foot per year. The Neartown - Montrose submarket is going through a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 32% increase in rent.

Compared to the rest of the Houston Metro market, the Neartown - Montrose submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Neartown - Montrose Listing Supply

In the last 90 days, 5 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 11,220 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1984 and are Class A.

Neartown - Montrose Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Neartown - Montrose residents. Commuting under 5 minutes 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 Neartown - Montrose.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Neartown - Montrose.

Houston Submarkets