The typical asking rate per listing is in the $60's per square foot per year. The Westwood North region is seeing a an increase in rates. In the last 3 months, the median rate increased $42 per sqft per year. That's a 202% increase in rent.
Compared to the rest of the Houston Metro market, the Westwood North submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 27 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 130 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 2004 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Westwood North occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.