The typical asking rate per listing is in the $60's per square foot per year. The Westwood North submarket is going through a an increase in rates. In the last 3 months, the median rate rose $42 per sqft per year. That's a 202% rise in rent.
Compared to the rest of the Houston Metro market, the Westwood North submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 27 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 130 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this market were built in 2004 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 motorcycle is the most popular way to get to work amongst Westwood North residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.