Houston, TX Office Space for Rent
The Houston office market has repeatedly and successfully weathered both literal and figurative storms, by its readiness to embrace transformations. By not limiting the city's economy to its traditional energy sector, Houston has managed to increasingly diversify its economic base, while at the same time preserving its strongest underlying fundamentals — a comparatively low cost of living, and steady household growth. The city's commitment to flexibility and progress hold notable weight toward the compatitive potential of the Houston office market, both nationally and internationally.
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With an office availabilities rounding up to 60,189,636 square feet, Houston is a market in which it would be hard to not find a space that fits the needs of your new or growing enterprise. The local listing inventory includes spaces that range in size from 36 square feet to 476,500 square feet, and can be adapted for the use of business tenants in any industry. See listing details and property data for 7,699 office spaces for rent in Houston, with rents of $18.89 per square foot per year, on average.
601 Travis
Office
4 Spaces / 26,817 Sqft
Galleria Tower 3
Office
24 Spaces / 155,058 Sqft
2500 CityWest
Office
15 Spaces / 151,458 Sqft
One Buffalo Heights
Office
3 Spaces / 35,363 Sqft
Westway II
Office
13 Spaces / 231,666 Sqft
Westchase Point
Office
11 Spaces / 137,333 Sqft
Westway One
Office
5 Spaces / 143,951 Sqft
1500 CityWest Blvd
Office
9 Spaces / 78,794 Sqft
Wells Fargo Bank Building
Office
14 Spaces / 49,646 Sqft
Houston Office Space Market Stats
Even though the city's economy was built on oil money, the city has, over time, significantly expanded its mix of industries and nurtured strong office and retail sectors to absorb the opportunities of modern trends. The Houston market's strong fundamentals secure its position among top investment destinations, time and time again.
Office space for rent in Houston boasts plenty of diversity. Local listings encompass 60,189,636 square feet across 7,699 spaces of all building classes. Availabilities vary in size from 36 square feet and 476,500 square feet — Houston office space can accommodate both those looking to lease small offices, as well as those seeking or large, complex space. The average rent across the inventory is $18.89 per square foot per year, with rents starting at $4.00 per square foot per year.
Office properties with vacancies listed include 12 class A+ and 425 class A buildings. Rents for class A office space average $22.82 per square foot per year, while class A+ rentals command $29.13 per square foot per year. The 927 class B office properties listed locally average a rental rate of $18.91 per square foot per year, while the average rental rate for class C office space in Houston averages $15.44 per square foot per year.
Commercial real estate news
From our blog
First National Realty Partners Acquires N.J. Office Building
April 30, 2020
Real estate investment firm First National Realty Partners recently announced the purchase of The Coastal Building in Red Bank, NJ. The property will add 29,178 square feet of Class A Jersey Shore office space to the company’s portfolio.
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Amazon Expands Presence in Baltimore-D.C. Commercial Corridor
April 24, 2020
Cushman-Wakefield completed the $91 million sale of Techwood Business Center in Hanover, Md., on behalf of the seller, RREEF Management LLC. Amazon was the buyer in the deal, adding the Baltimore business park to its expanding portfolio in the state of Maryland.
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Charlotte’s Hearst Tower Changes Hands in $446M Deal
April 14, 2020
Atlanta-based Cousins Properties has completed the sale of Hearst Tower. The Uptown Charlotte office property changed ownership to locally based Truist Financial Corporation. Commanding a gross price tag of $455.5 million, the building sold for roughly $470 per square foot.
Read more