Town Center Retail

Town Center

Office Space Market Report

Number of Listings (last 90 days)
172
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
540
As of: August 17, 2017

Town Center Rates

Most listings are in the $30's per square foot per year. The Town Center region is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the Houston Metro market, the Town Center region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Town Center Listing Supply

In the last 90 days, 51 listings have been listed, so you'll want to check back regularly for new listings. About 75% of the office spaces in the Town Center 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 540 sqft. Most properties in this region are around 5 stories. Most buildings in this market were built in 2001 and are Class B.

Town Center Community

Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Town Center folk. 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