On average, listings lease in the $20's per square foot per year. The Westchase submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the Houston Metro market, the Westchase region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 38 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 195% of the available leases in the Westchase 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.
Even though the median size is 5,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Westchase residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.