On average, listings lease in the $20's per square foot per year. The Hearthwood Business Park region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Houston Metro market, the Hearthwood Business Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 109 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 700 sqft. Most properties in this market are close to 6 stories. Most buildings in this market were built in 1983 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hearthwood Business Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.