Town Center Retail

Town Center

Office Space Market Report

Number of Listings (last 90 days)
51
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
5,620
As of: June 27, 2017

Town Center Rates

The typical asking rate per listing is in the $40's per square foot per year. The Town Center region is seeing a an increase in rates. In the last 3 months, the median rate went up $42 per sqft per year.

Compared to the rest of the Houston Metro market, the Town Center region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Town Center Listing Supply

In the last 90 days, 51 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Town Center are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,620 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this region were built in 2001 and are Class B.

Town Center Community

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 occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Town Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Town Center.
Research