The typical asking rate per listing is in the $30's per square foot per year. The Washington Avenue - Memorial Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 45 listings have come on the market, so you'll want to check back regularly for new listings. About 20% of the available space in the Washington Avenue - Memorial Park 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.
The standard measurement for office space in this area is around 1,090 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Most of the occupants of Washington Avenue - Memorial Park work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.