The typical asking rate per listing is in the $30's per square foot per year. The Uptown-Galleria submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Houston Metro market, the Uptown-Galleria region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 97 listings have been posted online, so you'll want to check back regularly for new listings. About 120% of the available leases in the Uptown-Galleria are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,460 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 11 stories. Most buildings in this area were built in 1978 and are Class A.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Uptown-Galleria residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.