Westchase Retail

Westchase

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,020
As of: August 18, 2017

Westchase Rates

The typical asking rate per listing is in the $20's per square foot per year. The Westchase submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

Compared to the rest of the Houston Metro market, the Westchase submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Westchase Listing Supply

In the last 90 days, 38 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 103% of the office spaces in the Westchase are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,020 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1981 and are Class B.

Westchase Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Westchase residents. Commuting between 30 and 45 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 Westchase.
Market Report

Market Data

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

Houston Submarkets