On average, listings lease in the $20's per square foot per year. The Park Ten Place submarket is going through a decline in rates. In the last 3 months, the median rate decreased $85 per sqft per year. That's a 77% decrease 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, 22 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the listings in the Park Ten Place are subleases, so you might be able to snag a great spot on a short term. 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 5,260 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.