The typical asking rate per listing is in the $20's per square foot per year. The Downtown Houston region is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston submarket has higher rates, and you'll have to negotiate above asking rent 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 17% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,980 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 15 floors. Most buildings in this region 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 close to an hour a day is the norm for those who opt to reside in this part of town.