Midtown Sublease

Midtown

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,450
As of: July 19, 2017

Midtown Rates

On average, listings lease in the $20's per square foot per year. The Midtown submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 30% decrease in rent.

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

Midtown Listing Supply

In the last 90 days, 2 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 350% of the office spaces in the Midtown 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 4,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1966 and are Class B.

Midtown Community

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.

Market Report

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

Market Data

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

Houston Submarkets