On average, listings lease in the $30's per square foot per year. The Downtown Houston region is seeing a a boost in rates. In the last 3 months, the median rate increased $40 per sqft per year.
Compared to the rest of the Houston Metro market, the Downtown Houston region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. About 74% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,730 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 14 floors. Most buildings in this market were built in 1962 and are Class A.
Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Houston residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.