University Place Office Space

University Place

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
1,670
As of: March 12, 2017

University Place Rates

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.

University Place Listing Supply

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.

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 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.

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