Washington Avenue - Memorial Park Office Space

Washington Avenue - Memorial Park

Office Space Market Report

Number of Listings (last 90 days)
45
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,670
As of: June 23, 2017

Washington Avenue - Memorial Park Rates

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.

Washington Avenue - Memorial Park Listing Supply

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.

Washington Avenue - Memorial Park Community

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.

Market Report

Trends and status of the commercial real estate market in Washington Avenue - Memorial Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Washington Avenue - Memorial Park.
Research

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