On average, listings lease in the $20's per square foot per year. The Grogan's Mill region is experiencing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Houston Metro market, the Grogan's Mill region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 44% of the office spaces in the Grogan's Mill are subleases, so you might be able to snag a great spot on a short term. 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 7,180 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk of Grogan's Mill work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.