Memorial Sublease

Memorial

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
5,510
As of: March 12, 2017

Memorial Rates

On average, listings lease in the $40's per square foot per year. The Memorial submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% rise in rent.

Compared to the rest of the Houston Metro market, the Memorial region has greater rates, and you'll need to make a great offer to be in this hot region.

Memorial Listing Supply

In the last 90 days, 3 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the listings in the Memorial 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,510 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 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 area. Commute by taxi is the most popular way to get to work amongst Memorial residents. Commuting around 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