The typical asking rate per listing is in the $40's per square foot per year. The University Place submarket is going through a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 112% increase in rent.
Compared to the rest of the Houston Metro market, the University Place submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the office spaces in the University 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst University Place occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.