On average, listings lease in the $20's per square foot per year. The Uptown-Galleria region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Houston Metro market, the Uptown-Galleria region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 135 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the available space in the Uptown-Galleria are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,420 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 11 stories. Most buildings in this market were built in 1978 and are Class A.
This area 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 folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.