On average, listings lease in the $30's per square foot per year. The San Felipe Green region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Houston Metro market, the San Felipe Green region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available leases in the San Felipe Green 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,010 sqft. Most buildings in this area are around 8 floors. Most buildings in this region were built in 1976 and are Class B.
Public administration is the dominant industry in this area. Most of the occupants of San Felipe Green work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.