The typical asking rate per listing is in the $20's per square foot per year. The Southbelt - Ellington submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Houston Metro market, the Southbelt - Ellington submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,030 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Most of the occupants of Southbelt - Ellington 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.