The typical asking rate per listing is in the $20's per square foot per year. The Hedwig Village submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Houston Metro market, the Hedwig Village region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Hedwig Village 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,970 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Hedwig Village 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.