University Place Office Space

University Place

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

University Place Rates

Compared to the rest of the Houston Metro market, the University Place submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

University Place Listing Supply

In the last 90 days, 12 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available space in the University Place are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,740 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1955 and are Class C.

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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Houston Submarkets