The typical asking rate per listing is in the $10's per square foot per year. The George Bush Intercontinental Airport region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Houston Metro market, the George Bush Intercontinental Airport submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the George Bush Intercontinental Airport are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 11,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 4 stories. Most buildings in this area were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst George Bush Intercontinental Airport folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.