Most listings are in the $30's per square foot per year. The Downtown Houston region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. About 106% of the listings in the Downtown Houston 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 25,140 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 14 stories. Most buildings in this area were built in 1962 and are Class A.
Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Houston folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.