Centre Business Park Retail

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Centre Business Park

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,080
As of: June 26, 2017

Centre Business Park Rates

The typical asking rate per listing is in the $10's per square foot per year. The Centre Business Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Compared to the rest of the Houston Metro market, the Centre Business Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Centre Business Park Listing Supply

In the last 90 days, 25 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 64% of the available leases in the Centre Business Park 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,080 sqft. Most buildings in this region are around 11 stories. Most buildings in this area were built in 1983 and are Class A.

Centre Business Park Community

This region 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.

Market Report

Trends and status of the commercial real estate market in Centre Business Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Centre Business Park.
Research

Houston Submarkets