The typical asking rate per listing is in the $40's per square foot per year. The Memorial City submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year.
Compared to the rest of the Houston Metro market, the Memorial City region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the office spaces in the Memorial City 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.
Even though the median size is 5,140 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 7 stories. Most buildings in this area were built in 1983 and are Class A.
Education is the dominant industry in this market. Most of the residents of Memorial City work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.