Memorial Sublease

Memorial

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,280
As of: July 23, 2017

Memorial Rates

The typical asking rate per listing is in the $20's per square foot per year. The Memorial submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

Compared to the rest of the Houston Metro market, the Memorial submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Memorial Listing Supply

In the last 90 days, 3 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 267% of the listings in the Memorial are subleases, so you might be able to snag a great spot on a short term. 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 3,280 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 7 stories. Most buildings in this area were built in 1983 and are Class A.

Memorial Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Memorial occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Memorial.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Memorial.
Research

Houston Submarkets