The typical asking rate per listing is in the $20's per square foot per year. The Energy Corridor region is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 51 listings have been posted online, so you'll want to check back regularly for new listings. About 45% of the listings in the Energy Corridor 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 24,580 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this area were built in 1983 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Energy Corridor residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.