The typical asking rate per listing is in the $30's per square foot per year. The San Felipe Green region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Houston Metro market, the San Felipe Green submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have been made available, which means leases most likley are 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.
The standard measurement for office space in this area is around 2,230 sqft. Most properties in this region are close to 8 floors. Most buildings in this region were built in 1976 and are Class B.
Public administration is the dominant industry in this market. 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.