On average, listings lease in the $30's per square foot per year. The Bellaire submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Houston Metro market, the Bellaire region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the available leases in the Bellaire are subleases, so you might be able to find a shorter term or below market rent. 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 33,950 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 6 stories. Most buildings in this market were built in 1977 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. Commute by car is the most popular way to get to work amongst Bellaire folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.