On average, listings lease in the $30's per square foot per year. The Research Forest region is going through a a rise in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 52% rise in rent.
Compared to the rest of the Houston Metro market, the Research Forest submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Research Forest 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 20,960 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 4 stories. Most buildings in this market were built in 1999 and are Class B.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Research Forest folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.