On average, listings lease in the $150's per square foot per year. The Westpark Center submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $158 per sqft per year.
Compared to the rest of the Houston Metro market, the Westpark Center region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Westpark Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 22,420 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1969 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this area. Most of the residents of Westpark Center work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.