2023 Office Space Rent & Sales
- $31.60 2023 Avg. Asking Rent
- 12.72% 2023 Office Vacancy Rate
Katy office price per square foot in 2023 was $31.60 on average. The local office market recorded an average vacancy rate of 12.72% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Katy Class A & A+ Office Space$35.09
- Katy Class B Office Space$28.36
- Texas Class A & A+ Office Space$36.17
- Texas Class B Office Space$24.95
- Texas Class C Office Space$31.07
Katy, TX Office Asking Rents by Class
2023 Office Vacancy Rates in Katy
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
West Houston | $28.38 | 13.23% |
Energy Corridor | $26.74 | 23.41% |
Coworking Spaces in Texas
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2023 Office Construction in Katy, TX
Office building | Address | SF | Completed |
---|---|---|---|
24004 Porter Ranch Lane | 24004 Porter Ranch Lane, 77493 | 32,615 | 2023 |
3107 Elrod Rd - Offices at Pinewoods 3107, Katy/Grand Parkway West Submarket - Office | 3107 Elrod Road, 77449 | 2,600 | 2022 |
2603 North Fry Road | 2603 North Fry Road, 77449 | 42,640 | 2021 |
Katy Ranch Crossing - 24285 Katy Fwy | 24285 Katy Fwy, 77494 | 152,645 | 2020 |
Marcel Plaza | 25830 Westheimer Pkwy, 77494 | 80,000 | 2017 |
1437 FM 1463 Rd | 1437 FM 1463 Rd, 77494 | 16,440 | 2017 |
24542 Kingsland Blvd | 24542 Kingsland Blvd, 77494 | 2,200 | 2017 |
Grandway West II | 2002 West Grand Pkwy, 77449 | 124,017 | 2016 |
440 Cobia Drive #1404 | 440 Cobia Drive, 77494 | 1,225 | 2016 |
Grand Ridge Office Condominiums • Unit 2001 | 440 Cobia Drive, 77494 | 1,225 | 2016 |
Worth noting among recent office completions on the Katy market is 24004 Porter Ranch Lane, which is currently the largest new office development in the city, at 32,615 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Katy commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.