On average, listings lease in the $40's per square foot per year. The University Place region is seeing a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 94% rise in rent.
Compared to the rest of the Houston Metro market, the University Place region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 69% of the available space in the University Place are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,210 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1968 and are Class B.
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 residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.