Westchase Sublease

Westchase

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,020
As of: May 19, 2017

Westchase Rates

On average, listings lease in the $20's per square foot per year. The Westchase submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 11% increase in rent.

Compared to the rest of the Houston Metro market, the Westchase submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Westchase Listing Supply

In the last 90 days, 38 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Westchase are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 6,020 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1981 and are Class B.

Westchase Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Westchase residents. Commuting between 30 and 45 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 Westchase.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Westchase.
Research

Houston Submarkets