The typical asking rate per listing is in the $30's per square foot per year. The Downtown Houston region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Houston Metro market, the Downtown Houston region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 141 listings have been made available, so you'll want to check back regularly for new listings. About 45% of the listings in the Downtown Houston 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.
Even though the median size is 12,280 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 16 floors. Most buildings in this market were built in 1962 and are Class A.
Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Houston folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.