On average, listings lease in the $30's per square foot per year. The Three Fountain Square region is experiencing a a rise in rates. In the last 3 months, the median rate went up $31 per sqft per year.
Compared to the rest of the Houston Metro market, the Three Fountain Square region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 71% of the office spaces in the Three Fountain Square 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the residents of Three Fountain Square work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.