Most listings are in the $20's per square foot per year. The Research Forest submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Houston Metro market, the Research Forest submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Research Forest 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 posted, so finding a space for a small business might be tough.
Even though the median size is 12,930 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 2002 and are Class B.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Research Forest folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.