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Commercial Real Estate in Houston, TX - 2,567 Properties Available

  • Clear Lake Central - 600 Gemini Street - Houston
    600 Gemini Street, Clear Lake, Houston, TX 77058
    For Lease $18 - $20/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 317,198 Sqft
  • CityNorth 1 - Houston
    233 Benmar Drive, Greater Greenspoint, Houston, TX 77060
    For Lease $13.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 223,159 Sqft
  • LyondellBasell Tower - Houston
    1221 McKinney Street, Downtown Houston, Houston, TX 77010
    For Lease $30.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 18 Spaces
    • 192,016 Sqft
  • Two Riverway - Houston
    2 Riverway, Uptown Houston, Houston, TX 77056
    For Lease $18.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 14 Spaces
    • 182,707 Sqft
  • Westway One - Houston
    11210 Equity Drive, Westbranch, Houston, TX 77041
    For Lease $18/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 143,960 Sqft
  • Park Towers South - Houston
    1333 West Loop South, Afton Oaks - River Oaks, Houston, TX 77027
    For Lease $23/Sqft/Yearly
    Property
    • Office
    Availability
    • 10 Spaces
    • 136,470 Sqft
  • 2727 North Loop West - Houston
    2727 North Loop West, Lazy Brook - Timbergrove, Houston, TX 77092
    For Lease $16/Sqft/Yearly
    Property
    • Office
    Availability
    • 7 Spaces
    • 123,103 Sqft
  • Atrium II - Houston
    15355 Vantage Pkwy West, Greater Greenspoint, Houston, TX 77032
    For Lease $10 - $14/Sqft/Yearly
    Property
    • Office
    Availability
    • 18 Spaces
    • 87,953 Sqft
  • Oak Park Office Center - Houston
    5850 Rogerdale Road, Alief, Houston, TX 77072
    For Lease $17.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 86,878 Sqft
  • Three Allen Center - Houston
    333 Clay, Downtown Houston, Houston, TX 77002
    Contact for pricing
    Property
    • Office
    Availability
    • 3 Spaces
    • 52,550 Sqft
  • Westwood Green - Houston
    9494 Southwest Fwy, Westwood, Houston, TX 77074
    For Lease $12.5 - $15/Sqft/Yearly
    Property
    • Office
    Availability
    • 18 Spaces
    • 52,087 Sqft
  • Kirkwood Tower - Houston
    11757 Katy Fwy, Energy Corridor, Houston, TX 77079
    For Lease $22.75/Sqft/Yearly
    Property
    • Office
    Availability
    • 10 Spaces
    • 33,220 Sqft
  • Executive Plaza - Houston
    4625 Southwest Fwy, Greenway - Upper Kirby, Houston, TX 77027
    For Lease $21/Sqft/Yearly
    Property
    • Office
    Availability
    • 8 Spaces
    • 29,941 Sqft
  • Park 288 - Building A, B & C - Houston
    2720 Reed Road, Sunnyside, Houston, TX 77051
    For Lease $6/Sqft/Yearly
    Property
    • Industrial
    Availability
    • 1 Space
    • 28,354 Sqft
  • Denmark House - Houston
    12777 Jones Road, Marwood Village, Houston, TX 77070
    For Lease $18/Sqft/Yearly
    Property
    • Office
    Availability
    • 12 Spaces
    • 24,486 Sqft
  • Dow Houston Center - Houston
    1254 Enclave Pkwy, Energy Corridor, Houston, TX 77077
    For Lease $20/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 23,982 Sqft
  • 777 Post Oak - Houston
    777 Post Oak Blvd, Uptown Houston, Houston, TX 77056
    For Lease $19.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 19,146 Sqft
  • Armand Plaza Office Center - Houston
    16441 Space Center Blvd, Clear Lake, Houston, TX 77058
    For Lease $15.7 - $15.75/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 17,206 Sqft
  • Century Business Plaza - Houston
    283 Lockhaven Drive, Greater Greenspoint, Houston, TX 77073
    For Lease $7.5/Sqft/Yearly
    Property
    • Industrial
    Availability
    • 1 Space
    • 16,580 Sqft
  • Westgate I - Houston
    17220 Katy Fwy, Addicks Park Ten, Houston, TX 77094
    For Lease $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 11,297 Sqft
  • Copperfield West - Houston
    15840 FM 529 Road, Copperfield, Houston, TX 77095
    For Lease $18 - $20/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 9,996 Sqft
  • Offices at Piney Point I - Houston
    2450 Fondren Road, Mid West Houston, Houston, TX 77063
    For Lease $16 - $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 9,491 Sqft
  • BLVD Place - 1, 2 & 6 - Houston
    1800 Post Oak Blvd, Uptown Houston, Houston, TX 77056
    For Lease $25/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 9,479 Sqft
  • 301-305 Wells Fargo Drive - Houston
    301 Wells Fargo Drive, Westfield Landing, Houston, TX 77090
    For Lease $7 - $8/Sqft/Yearly
    Property
    • Industrial
    Availability
    • 5 Spaces
    • 9,451 Sqft
  • Sage Park - Houston
    2121 Sage Road, Uptown Houston, Houston, TX 77056
    For Lease $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 8,203 Sqft

Houston, TX Economic Overview

Location Photo

Everything is bigger in Texas and Houston is a prime example of this. Located near the Gulf of Mexico in the southeastern part of the Lone Star State, and with a population of 2.3 million, Houston is the most populated city in Texas, and the 4th most populated city in the U.S.

Sprawling over 667 square miles, Houston hosts a broad base of businesses in the energy, manufacturing, transportation, aeronautics and health care industries, and has more Fortune 500 headquarters than any other city in the country. Add to this the nearly 18 million multi-national tourists that visit Houston each year and you can see why the Houston commercial real estate market is a consistent performer year after year.

As the 5th most populated MSA in the U.S., the Houston metropolitan area is known around the world for its oil, natural gas and renewable energy industries, its biomedical research and aeronautics corporations, and is a main manufacturing center of oilfield equipment. The Port of Houston is one of the top 10 largest ports in the world, and with its two international airports and one domestic airport, the Houston area is one of the top U.S. exporting markets, surpassing even New York City.

Houston, TX Commercial Real Estate Market

Key to Houston's economic success is the fact that the city has multiple business districts as centers of employment and commerce. In addition to the Downtown Houston core, the Uptown, Energy Corridor and the Texas Medical Center business districts of Houston all contribute to the nearly 1.2 billion square feet of office, retail and industrial space in the market.

Downtown Houston commercial district is just under 2 square miles in size and includes the Warehouse, Historic, Ballpark, Skyline, Theater and Medical sub-districts. Over $4 billion has been invested to transform Downtown Houston commercial real estate into a vibrant city center with entertainment venues and efficient mass transit.

The Uptown Houston commercial real estate market, with nearly 23 million square feet of office space, is the 17th largest business district in the U.S. and is home to over 2,000 companies including General Electric, Dow Chemical, Marathon Oil and the Bechtel Corporation. There are over 5 million square feet of retail space in Uptown Houston and the district is host to The Galleria, the largest shopping center in Texas, along with a multitude of trend-setting stores, eateries and entertainment venues.

The Energy Corridor has historically been one of the strongest Houston office markets and is home to over 300 companies, employing over 94,000 people in total. With over 26 million square feet of office space, the district is home to the national or international headquarters of BP America, ConocoPhillips and Citgo among many others. Due to the significant increase in construction, the Corridor has tripled its property value from $600 million to well over $2 billion.

Texas Medical Center district is the largest medical center in the world, with 54 medicine-related hospitals, research centers, medical and nursing schools. Each year, 13,600 heart surgeries are performed, 25,000 babies are delivered and 8 million patients visit. The District is also home to the Texas Children's Hospital and the MD Anderson Cancer Center, both the world's largest facilities of their type.

Houston, TX Office Rental Rates ($/SF/year)

Data provided by Yardi Matrix, for properties larger than 50K SF.

Houston, TX Office Sales

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Houston, TX Commercial Inventory Breakdown

Office Spaces

Total: 230,848,305 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 28,507,458 SF / 12.35% of total office
  • 100k to 500k SF: 123,510,317 SF / 53.5% of total office
  • 500k to 1M SF: 40,421,919 SF / 17.51% of total office
  • > 1M SF: 38,408,611 SF / 16.64% of total office

By class:

  • Class A+: 13,749,537 SF / 5.96% of total office
  • Class A: 114,319,525 SF / 49.52% of total office
  • Class B: 83,106,905 SF / 36% of total office
  • Class C: 2,291,234 SF / 0.99% of total office

Industrial

Total: 204,790,500 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 7,324,944 SF / 3.58% of total industrial
  • 100k to 500k SF: 162,573,672 SF / 79.39% of total industrial
  • 500k to 1M SF: 24,731,913 SF / 12.08% of total industrial
  • > 1M SF: 10,159,971 SF / 4.96% of total industrial

By class:

  • Class A: 86,206,467 SF / 42.09% of total industrial
  • Class B: 105,688,527 SF / 51.61% of total industrial
  • Class C: 7,057,012 SF / 3.45% of total industrial

Employment in Houston, TX

Employment

Houston has received top ranking in Kiplinger's Best Cities List, has ranked 4th in local technological innovation, has ranked 1st in Forbes magazine's Best Cities For College Graduates (in fact nearly 81% of college grads decide to stay in Houston after getting their degrees), 1st in Forbes' Best Cities To Buy A Home and 1st for cities where paychecks go the furthest. With awards like these, it's no wonder Houston is able to consistently attract a well-educated, diverse and highly qualified workforce.

The top four employment sectors in Houston are:

  • Trade, transportation & utilities including United Airlines with 15,000 employees and H-E-B with 24,000 employees;
  • Professional & business services including Schlumberger with 12,000 employees and JP Morgan Chase with 8,500 employees;
  • Health & educational services including Memorial Hermann Health System with 21,000 employees and the MD Anderson Cancer Center with 21,000;
  • Manufacturing including Baker Hughes with 5,700 employees and National Oilwell Varco with nearly 9,000 employees.

Because the city has multiple business districts, the demand for both residential housing and commercial space in Houston is widespread throughout the metropolitan area.

Education in Houston, TX

Over 80% of the university students that graduate in Houston stay in Houston. The city boasts 4 distinct state universities, including the University of Houston and Texas Southern University, with total enrollments of over 72,000, endowments of over $700 million and annual research expenditures of over $130 million.

In addition to the state university system, Houston has three community college systems, eight sectarian and non-sectarian universities, three law schools–including the University of Houston Law Center, one of only two top-tier law schools in Texas, and 12 public and private health institutions, including the Baylor College of Medicine and the Texas Children's Hospital.

The Houston Independent School District is the 7th largest school district in the U.S. and one of 17 school districts in Houston. Moreover, the Houston MSA has over 300 private schools, charters schools, magnet and vanguard schools.

Commuting Time in Houston, TX

You might imagine that a booming city like Houston, with multiple employment hubs and widespread educational facilities would have bad commute times. And you would be right. The good news is that the Houston transportation system is intelligently expanding to alleviate this congestion.

  • Houston's highway system utilizes a hub-and-spoke configuration of 739 miles of multiple loops;
  • The Metro light rail service runs from the Downtown business district to the Texas Medical Center district and is currently expanding with 5 additional sections;
  • Houston bike commuters have access to over 500 miles of interconnected network, and are the largest group of bicycle commuters in the state of Texas.

Houston Demographics

Population

  • Total Population2,267,336
  • Male Population(50.1 %) 1,135,634
  • Female Population(49.9 %) 1,131,702
  • Median Age32.90

Income/Financial

  • Average Household Income$79,344
  • Median Household Income$49,399
  • Median Income Under 25$29,186
  • Median Income 25-44$50,613
  • Median Income 45-64$56,009
  • Median Income Over 65$40,215

News

Key takeaways: 682 million square feet of office space have been added across the country in the last 10 years. Campus-style tech companies greatly influenced the suburban expansion throughout the U.S. New York City, Chicago, and San Francisco grew the most on the fringes of the urban cores. The...

Since 2009, the U.S. economy has had more than 110 consecutive months of growth, making this the second longest economic expansion since the Great Depression. After a rather tepid 2017 performance, the U.S. office market gathered some steam in 2018, adding 76 million square feet of new office sp...

The U.S. industrial real estate market had a solid year in 2018 and has continued to strengthen through the first quarter of 2019. Industrial rents are on an upward path, while the construction pipeline is robust and development is spurred on by the e-commerce sector. In terms of development, 20...

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