Most listings are in the $20's per square foot per year. The Spring Valley submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Houston Metro market, the Spring Valley submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,730 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 2013 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Spring Valley residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.