The typical asking rate per listing is in the $20's per square foot per year. The Centre Business Park submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Houston Metro market, the Centre Business Park region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 25 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 680 sqft. Most properties in this region are close to 11 stories. Most buildings in this market were built in 1983 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Centre Business Park occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.