Town Center Sublease

Town Center

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Town Center Rates

On average, listings lease in the $30's per square foot per year. The Town Center region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the Houston Metro market, the Town Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Town Center Listing Supply

In the last 90 days, 28 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 21% of the listings in the Town Center are subleases, so you might be able to snag a great spot on a short term. 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 3,450 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this market were built in 2001 and are Class A.

Town Center Community

Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Town Center folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.