Most listings are in the $30's per square foot per year. The Neartown - Montrose submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Houston Metro market, the Neartown - Montrose submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 233% of the office spaces in the Neartown - Montrose are subleases, so you might be able to find a shorter term or below market rent. 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 9,800 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1978 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 region. 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.