The typical asking rate per listing is in the $20's per square foot per year. The Hearthwood Business Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Houston Metro market, the Hearthwood Business Park region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 130 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 780 sqft. Most buildings in this area are around 6 floors. Most buildings in this market were built in 1983 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hearthwood Business Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.