The typical asking rate per listing is in the $20's per square foot per year. The Midtown region is seeing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the Houston Metro market, the Midtown region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 25 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 21,809 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Midtown residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.