University Place Retail

University Place

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,740
As of: December 3, 2016

University Place Rates

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

University Place Listing Supply

In the last 90 days, 21 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the University Place are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,740 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area 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 region. Commute by motorcycle is the most popular way to get to work amongst University Place occupants. 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