On average, listings lease in the $20's per square foot per year. The South Central Houston region is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Houston Metro market, the South Central Houston submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 18 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the South Central Houston are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,550 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst South Central Houston folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.