On average, listings lease in the $20's per square foot per year. The Park Ten Place region is experiencing a decrease in rates. In the last 3 months, the median rate fell $85 per sqft per year. That's a 77% decrease in rent.
Compared to the rest of the Houston Metro market, the Park Ten Place region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 26% of the available leases in the Park Ten Place 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,260 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1982 and are Class B.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Park Ten Place folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.