Centre Business Park Sublease

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Centre Business Park

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,760
As of: July 27, 2017

Centre Business Park Rates

The typical asking rate per listing is in the $10's per square foot per year. The Centre Business Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Houston Metro market, the Centre Business Park submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Centre Business Park Listing Supply

In the last 90 days, 25 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 64% of the office spaces in the Centre Business Park are subleases, so you might be able to find a shorter term or below market rent. 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 1,760 sqft. Most properties in this market are close to 11 stories. Most buildings in this region were built in 1983 and are Class A.

Centre Business Park Community

This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Centre Business Park residents. Commuting between 30 and 45 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 Centre Business Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Centre Business Park.
Research

Houston Submarkets