University Place Office Space

University Place

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
1,980
As of: February 28, 2017

University Place Rates

Most listings are in the $40's per square foot per year. The University Place submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the Houston Metro market, the University Place submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

University Place Listing Supply

In the last 90 days, 12 listings have been made available, which means new listings 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 1,980 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1955 and are Class B.

University Place Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst University Place folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in University Place.
Market Report

Market Data

Real time and historical data on commercial real estate listings in University Place.
Research

Houston Submarkets