Washington Avenue - Memorial Park Retail

Washington Avenue - Memorial Park

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
420
As of: February 22, 2017

Washington Avenue - Memorial Park Rates

Most listings are in the $30's per square foot per year. The Washington Avenue - Memorial Park submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Washington Avenue - Memorial Park Listing Supply

In the last 90 days, 38 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Washington Avenue - Memorial Park are subleases, so you will probably have to focus your search on direct office leases. 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 420 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1983 and are Class B.

Washington Avenue - Memorial Park Community

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 approximately an hour 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 Washington Avenue - Memorial Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Washington Avenue - Memorial Park.
Research

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