On average, listings lease in the $30's per square foot per year. The Downtown Houston region is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 143 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the office spaces 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 7,710 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 16 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 residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.