On average, listings lease in the $20's per square foot per year. The Park Ten Place submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 31% increase in rent.
Compared to the rest of the Houston Metro market, the Park Ten Place submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 70% of the available space in the Park Ten Place 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 24,390 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1982 and are Class B.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Park Ten Place residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.