On average, listings lease in the $20's per square foot per year. The West University submarket is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 18% rise in rent.
In the last 90 days, 1 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,300 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1910 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the residents of West University work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.