Most listings are in the $40's per square foot per year. The University Place submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Houston Metro market, the University Place submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been posted online, which means new listings might be 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 1,670 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1955 and are Class B.
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 region. Commute by motorcycle is the most popular way to get to work amongst University Place residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.