Most listings are in the $20's per square foot per year. The Energy Corridor region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Houston Metro market, the Energy Corridor region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 60 listings have come on the market, so you'll want to check back regularly for new listings. About 17% of the office spaces in the Energy Corridor are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,655 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this market were built in 1983 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. 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.