Uptown-Galleria Sublease

Uptown-Galleria

Office Space Market Report

Number of Listings (last 90 days)
97
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,280
As of: March 12, 2017

Uptown-Galleria Rates

The typical asking rate per listing is in the $30's per square foot per year. The Uptown-Galleria submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% rise in rent.

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

Uptown-Galleria Listing Supply

In the last 90 days, 97 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Uptown-Galleria are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,280 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 11 floors. Most buildings in this region were built in 1978 and are Class A.

Uptown-Galleria Community

This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Uptown-Galleria folk. Commuting close to 10 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 Uptown-Galleria.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Uptown-Galleria.
Research

Houston Submarkets