The typical asking rate per listing is in the $30's per square foot per year. The Uptown-Galleria region is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Houston Metro market, the Uptown-Galleria region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 132 listings have been made available, so you'll want to check back regularly for new listings. About 33% of the office spaces in the Uptown-Galleria are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 11,520 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 11 stories. Most buildings in this area were built in 1978 and are Class A.
This market 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 residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.