The typical asking rate per listing is in the $20's per square foot per year. The Park Ten Place region is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Houston Metro market, the Park Ten Place region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 38% of the available space in the Park Ten Place 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 4,800 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1982 and are Class B.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Park Ten Place residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.