On average, listings lease in the $20's per square foot per year. The Westwood North submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Houston Metro market, the Westwood North submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 19 listings have been posted online, which means leases 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 800 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market 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 residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.