Most listings are in the $20's per square foot per year. The Research Forest submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Houston Metro market, the Research Forest region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 40% of the available leases in the Research Forest 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 12,930 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market were built in 1999 and are Class B.
This region 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 approximately 10 minutes a day is the norm for those who opt to reside in this part of town.