On average, listings lease in the $10's per square foot per year. The Greater Greenspoint submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Houston Metro market, the Greater Greenspoint submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 250 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available leases in the Greater Greenspoint are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,780 sqft. Most buildings in this market are around 4 floors. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Greater Greenspoint occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.