The typical asking rate per listing is in the $20's per square foot per year. The Grogan's Mill region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Houston Metro market, the Grogan's Mill submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 56% of the available space in the Grogan's Mill 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.
Even though the median size is 12,460 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the residents of Grogan's Mill work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.