Most listings are in the $40's per square foot per year. The South Central Houston submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Houston Metro market, the South Central Houston region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the South Central Houston are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,940 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst South Central Houston residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.