On average, listings lease in the $20's per square foot per year. The Energy Corridor region is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 62 listings have been listed, so you'll want to check back regularly for new listings. About 42% of the listings in the Energy Corridor 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 24,390 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this area were built in 1983 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Energy Corridor residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.