On average, listings lease in the $40's per square foot per year. The Washington Avenue - Memorial Park region is going through a a rise in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 45 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 740 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the residents of Washington Avenue - Memorial Park work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.