On average, listings lease in the $30's per square foot per year. The San Felipe Green submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $37 per sqft per year.
Compared to the rest of the Houston Metro market, the San Felipe Green region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 10% of the listings in the San Felipe Green 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 6,350 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 8 stories. Most buildings in this area were built in 1976 and are Class B.
Public administration is the dominant industry in this market. Most of the folk of San Felipe Green work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.