Downtown Houston Office Space

Downtown Houston

Office Space Market Report

Number of Listings (last 90 days)
53
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
25,140
As of: August 16, 2017

Downtown Houston Rates

On average, listings lease in the $30's per square foot per year. The Downtown Houston region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Houston Metro market, the Downtown Houston submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Downtown Houston Listing Supply

In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. About 140% of the available leases in the Downtown Houston are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 25,140 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 14 floors. Most buildings in this market were built in 1962 and are Class A.

Downtown Houston Community

Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Houston occupants. 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 Downtown Houston.
Market Report

Market Data

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

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