The typical asking rate per listing is in the $30's per square foot per year. The Washington Avenue - Memorial Park submarket is going through a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 16% rise in rent.
Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 45 listings have come on the market, so you'll want to check back regularly for new listings. About 42% of the available leases in the Washington Avenue - Memorial Park 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the residents of Washington Avenue - Memorial Park work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.