2020 Office Space Rent & Sales
- $23.59 2020 Avg. Asking Rent
- 0.86 % Y-o-Y Avg. Asking Rent Change
- 18.79 % 2020 Office Vacancy Rate
Kingwood office price per square foot in 2020 was $23.59 on average. This marked a +0.86 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.79 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Kingwood Class A Office Space$31.54
- Kingwood Class B Office Space$22.10
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Kingwood, TX Office Asking Rents by Class
2020 Office Construction in Kingwood, TX
- Kingwood, TX Total Sqft completed in 2020 41,230
- Kingwood, TX Total Sqft under construction in 2021 270,000
During 2020, 41,230 square feet of new office space were delivered across the market. At the close of 2020, the Kingwood office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 41,230 square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 270,000 square feet of office space to the market, before year-end.
|Insperity Center 5||29829 Loop 494, 77339||270,000||2021|
|215 Kingwood Executive Drive||215 Kingwood Executive Drive, 77339||41,230||2020|
|Kingwood Emergency Center||23330 U.S. Highway 59 North, 77339||64,431||2018|
|Insperity Centre 4||19001 Crescent Springs Drive, 77339||100,000||2017|
|Kingwood Medical Center - West Tower Professional Office Building||22999 North Highway 59 U.S., 77339||83,574||2013|
|Kingwood Diagnostic and Rehabilitation Center||22751 Professional Drive, 77339||40,700||2010|
|Office Grove Kingwood||19701 Kingwood Drive, 77339||45,648||2008|
|Woodforest Plaza at King's Harbor||1710 West Lake Houston Pkwy, 77345||26,325||2007|
|Kings Harbor||4501 Magnolia Cove Drive, 77345||75,000||2006|
|2627 Chestnut Ridge Drive||2627 Chestnut Ridge Drive, 77339||29,658||2006|
Worth noting among recent office completions on the Kingwood market is Kingwood Medical Center - West Tower Professional Office Building, which is currently the largest new office development in the city, at 83,574 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Kingwood 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.