The typical asking rate per listing is in the $20's per square foot per year. The Research Forest submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Houston Metro market, the Research Forest submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the listings in the Research Forest 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 86,660 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this area were built in 1999 and are Class B.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Research Forest residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.