Memorial Sublease

Memorial

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
4,020
As of: August 20, 2017

Memorial Rates

Most listings are in the $20's per square foot per year. The Memorial region is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 32% increase in rent.

Compared to the rest of the Houston Metro market, the Memorial region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Memorial Listing Supply

In the last 90 days, 3 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 533% of the listings in the Memorial 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,020 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 7 stories. Most buildings in this market were built in 1982 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 market. Commute by taxi is the most popular way to get to work amongst Memorial residents. Commuting approximately 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