On average, listings lease in the $30's per square foot per year. The Town Center submarket is experiencing a decrease 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 region.
In the last 90 days, 50 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases 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 available, 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 properties in this region are approximately 5 stories. Most buildings in this market were built in 2001 and are Class B.
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.