University Place Retail

University Place

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
330
As of: May 21, 2017

University Place Rates

The typical asking rate per listing is in the $40's per square foot per year. The University Place region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Houston Metro market, the University Place region has higher rates, and you'll need to make a great offer to be in this hot region.

University Place Listing Supply

In the last 90 days, 13 listings have been listed, which means listings 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 330 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1955 and are Class B.

University Place Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst University Place residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in University Place.
Market Report

Market Data

Real time and historical data on commercial real estate listings in University Place.
Research

Houston Submarkets