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675 Bering

Off-Market

675 Bering Drive, Houston, TX 77057

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  • Property Type Office - General Office
  • Property Size 135,159 Sqft
  • Lot Size 2 Acre
  • Parking Spaces Avail. 486
  • Parking Ratio 3.60/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1982

Location

  • City Houston, TX
  • Neighborhood Uptown Houston
  • Zip Code 77057
  • Market Houston

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 23 Apr, 2008
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date

Market Trends

Average Actual Rents in Houston

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Houston Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $30.34
  • 2020 Office Vacancy Rate 22.37%
  • 2020 Office Completions (Sqft) 684,182

Houston Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $329.27
  • 2020 Office Sales Volume $1.1B
  • 2020 Number of Transactions 19
View more Houston market trends

Tax

  • Property Tax in 2021 $357,293
  • Market Value $14,890,948
  • Assessed Value $14,890,948

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 675 Bering?

675 Bering totals 135,159 square feet.

When was this property built?

675 Bering was built in 1982.

When was 675 Bering last sold?

675 Bering was last sold on 23 Apr, 2008.

What is the property tax for 675 Bering?

The property tax for 675 Bering in 2021 was $357,293.

What is the market value for 675 Bering?

The market value for 675 Bering in 2021 was $14,890,948.

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