On average, listings lease in the $30's per square foot per year. The Neartown - Montrose region is experiencing a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Houston Metro market, the Neartown - Montrose submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means listings might be 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 11,220 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Neartown - Montrose folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.