The typical asking rate per listing is in the $20's per square foot per year. The Neartown - Montrose region is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Houston Metro market, the Neartown - Montrose submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 9 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 11,220 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1983 and are Class C.
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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.