The typical asking rate per listing is in the $20's per square foot per year. The South Central Houston submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $21 per sqft per year. That's a 44% decrease in rent.
Compared to the rest of the Houston Metro market, the South Central Houston region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 18 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the South Central Houston 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 2,690 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1964 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 region. 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.