Washington Avenue - Memorial Park Sublease

Washington Avenue - Memorial Park

Office Space Market Report

Number of Listings (last 90 days)
160
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,380
As of: August 17, 2017

Washington Avenue - Memorial Park Rates

On average, listings lease in the $30's per square foot per year. The Washington Avenue - Memorial Park region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Houston Metro market, the Washington Avenue - Memorial Park region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Washington Avenue - Memorial Park Listing Supply

In the last 90 days, 45 listings have come on the market, so you'll want to check back regularly for new listings. About 42% of the available space in the Washington Avenue - Memorial Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,330 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1983 and are Class B.

Washington Avenue - Memorial Park Community

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 folk 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.

Market Report

Trends and status of the commercial real estate market in Washington Avenue - Memorial Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Washington Avenue - Memorial Park.
Research

Houston Submarkets