The typical asking rate per listing is in the $20's per square foot per year. The Thornwood West submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Houston Metro market, the Thornwood West submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 20,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 13 floors. Most buildings in this market were built in 1986 and are Class A.
Health care is the dominant industry in this area. Most of the residents of Thornwood West work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.