On average, listings lease in the $30's per square foot per year. The Town Center submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Houston Metro market, the Town Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 30 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available space in the Town Center 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.
Even though the median size is 3,450 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 5 floors. Most buildings in this market were built in 2001 and are Class A.
Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Town Center occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.