The typical asking rate per listing is in the $20's per square foot per year. The San Felipe Green submarket is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Houston Metro market, the San Felipe Green submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the listings in the San Felipe Green 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 posted, so finding a space for a small business might be tough.
Even though the median size is 26,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 8 stories. Most buildings in this area were built in 1976 and are Class B.
Public administration is the dominant industry in this region. Most of the residents of San Felipe Green work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.