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)
$38
Median Size (sqft)
1,380
As of: August 16, 2017

Washington Avenue - Memorial Park Rates

Most listings are in the $30's per square foot per year. The Washington Avenue - Memorial Park region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.

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 been made available, so you'll want to check back regularly for new listings. About 40% of the available space in the Washington Avenue - Memorial Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,380 sqft. Most properties in this market 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 area. Most of the folk of Washington Avenue - Memorial Park work from home. Commuting close to 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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