On average, listings lease in the $30's per square foot per year. The Town Center submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Houston Metro market, the Town Center region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 52 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Town Center are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 580 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this region were built in 2001 and are Class B.
Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Town Center residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.