On average, listings lease in the $20's per square foot per year. The Downtown Houston submarket is going through a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 51 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the office spaces in the Downtown Houston are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,980 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 16 floors. Most buildings in this market 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.