Memorial Sublease

Memorial

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
6,200
As of: December 3, 2016

Memorial Rates

On average, listings lease in the $20's per square foot per year. The Memorial region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

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

Memorial Listing Supply

In the last 90 days, 43 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.

Even though the median size is 6,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 7 floors. Most buildings in this region 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 occupants. 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