Houston, TX Office Overview
The Houston office market encompasses the Greater Houston, South Houston, Southwest Houston and the Northwest Houston submarkets. With a metropolitan population of over 6.6 million people, the major industries of energy, aerospace and defense, and bio-science continue to boost a strong economy and increasing demand for space in the Houston TX commercial real estate market.
As of mid-2017, the Houston office market encompasses over 195 million square feet of existing office space, in properties larger than 50,000 square feet. The office scene in Houston continues to flourish, due to its broad industrial and business base.
Houston, TX Office Inventory Description
Houston is home to almost as many large public companies as is New York City, and the existing office inventory in Houston reflects that fact. Nearly 60% of Houston office space is Class a product, while Class B office properties make up nearly 39% of Houston TX's office inventory.
Downtown Houston commercial real estate boasts Houston’s densest office scene. Bordered by the I-45, I-10 and I-69 freeways this submarket is home to Class A office buildings such as the CenterPoint Energy Tower, the JPMorgan Chase Tower and Wells Fargo Plaza.
Other Houston office submarkets seeing high demand include the Medical Center market that runs along Main Street and is adjacent to the Texas Medical Center and the University of Texas Health Science Center, and the nearby University Place submarket.
Houston, TX Commercial Inventory Breakdown
Office Spaces
Total: 224,347,219 SF
By square footage range:
- 50k to 100k SF: 24,692,085 SF / 11.01% of total office
- 100k to 500k SF: 121,508,402 SF / 54.16% of total office
- 500k to 1M SF: 42,979,852 SF / 19.16% of total office
- > 1M SF: 35,166,880 SF / 15.68% of total office
By class:
- Class A+: 11,502,433 SF / 5.13% of total office
- Class A: 113,015,610 SF / 50.38% of total office
- Class B: 80,443,589 SF / 35.86% of total office
- Class C: 1,567,351 SF / 0.7% of total office
Top 10 Largest Office Buildings
in Houston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Wells Fargo Plaza | 1000 Louisiana Street, 77002 | 1,721,242 | 1983 |
| Chevron Tower - 1600 Louisiana | 1600 Louisiana Street, 77002 | 1,700,000 | n/a |
| JPMorgan Chase Tower | 600 Travis Street, 77002 | 1,683,893 | 1981 |
| Williams Tower | 2800 Post Oak Blvd, 77056 | 1,482,384 | 1983 |
| Pennzoil Place | 711 Louisiana Street, 77002 | 1,409,713 | 1975 |
| 800 Bell | 800 Bell Street, 77002 | 1,383,910 | 1962 |
| Mid Campus Building 1 | 7007 Bertner Avenue, 77030 | 1,368,600 | 2010 |
| 1001 Fannin | 1001 Fannin Street, 77002 | 1,333,212 | 1980 |
| 1100 Louisiana | 1100 Louisiana Street, 77002 | 1,305,720 | 1980 |
| 800 Bell - Redevelopment | 800 Bell Street, 77002 | 1,300,000 | n/a |
Most Recently-Built Office Buildings
in Houston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 609 Main at Texas | 609 Main Street, 77002 | 1,057,658 | 2017 |
| Amegy Bank Tower | 1717 West Loop South, 77027 | 350,000 | 2017 |
| Cemex Building | 10100 Katy Fwy, 77055 | 273,763 | 2017 |
| Redemption Square - Phase I - 250 Assay Street | 250 Assay Street, 77044 | 86,523 | 2017 |
| Members Choice Credit Union Headquarters | SWC Interstate 10 Frontage Road & Cypress Run, 77094 | 80,000 | 2017 |
| Memorial Green | 12601 Memorial Drive, 77024 | 75,000 | 2017 |
| 8181 Southwest Fwy | 8181 Southwest Fwy, 77074 | 60,000 | 2017 |
| Phillips 66 Headquarters | 2331 CityWest Blvd, 77042 | 1,097,790 | 2016 |
| Energy Center IV | 925 North Eldridge Pkwy, 77079 | 597,628 | 2016 |
| Four Oaks Place - Five Oaks | 1500 Post Oak Blvd, 77056 | 594,000 | 2016 |
Houston, TX Green Office Space
Houston is home to almost as many large public companies as is New York City, and the existing office inventory in Houston reflects that fact. Nearly 60% of Houston office space is Class a product, while Class B office properties make up nearly 39% of Houston TX's office inventory.
Downtown Houston commercial real estate boasts Houston’s densest office scene. Bordered by the I-45, I-10 and I-69 freeways this submarket is home to Class A office buildings such as the CenterPoint Energy Tower, the JPMorgan Chase Tower and Wells Fargo Plaza.
Other Houston office submarkets seeing high demand include the Medical Center market that runs along Main Street and is adjacent to the Texas Medical Center and the University of Texas Health Science Center, and the nearby University Place submarket.
Houston, TX’s Top Office-Using Sectors
Houston is recognized around the world for its energy industry, but the demand for office space doesn't stop there. Oil, gas, renewable energy, biomedical research and aeronautics all contribute to the robust growth of the Houston office market and attract both national and global investors seeking stability and long-term performance.
A diverse mix of industry and business drives the Houston office market. Major industry sectors include real estate and corporate headquarters, finance, information technology, biomedical, and energy.
- Real Estate & Corporate Headquarters – Houston is home to 23 Fortune 500 companies, including Sysco, Baker Hughes and Halliburton.
- Finance – Banking, financial services and foreign government trade offices are major users of office space in Houston, including the Bank of American Center.
- Information Technology – The Houston Technology Center is the city's center for high-tech entrepreneurship, with more than 1,000 computer-related companies calling Houston home.
- Biomedical – The Texas Medical Center, the University of Texas Research Park, and the UT Health Science Center all play major roles in biotechnology and life sciences research.
- Energy – ConocoPhillips, Marathon Oil, KBR and National Oilwell Varco are a few of the top publicly traded energy companies headquartered in Houston.
Houston Demographics
Population
- Total Population2,217,706
- Male Population(50.0 %) 1,108,500
- Female Population(50.0 %) 1,109,206
- Median Age32.60
Income/Financial
- Average Household Income$74,322
- Median Household Income$46,187
- Median Income Under 25$26,891
- Median Income 25-44$46,937
- Median Income 45-64$53,789
- Median Income Over 65$37,783
- Addicks Park Ten Demographics
- Alief Demographics
- Central Southwest Houston Demographics
- Clear Lake Demographics
- Denver Harbor - Port Houston Demographics
- Downtown Houston Demographics
- Eldridge - West Oaks Demographics
- Energy Corridor Demographics
- Fairbanks - Northwest Crossing Demographics
- Golfcrest - Bellfort - Reveille Demographics
- Greater Greenspoint Demographics
- Greater Heights Demographics
- Greater Hobby Area Demographics
- Greenway - Upper Kirby Demographics
- Gulfton Demographics
- Lazy Brook - Timbergrove Demographics
- Mid West Houston Demographics
- Northshore Demographics
- Northside - Northline Demographics
- Northwest Park Demographics
- Oak Forest - Garden Oaks Demographics
- Sharpstown Demographics
- South Belt - Ellington Demographics
- Spring Branch East Demographics
- Spring Branch West Demographics
- Uptown Houston Demographics
- Washington Ave - Memorial Park Demographics
- Westchase Demographics
News
Cities near Houston, TX
Houston, TX zip codes
- 77002 Office Space
- 77003 Office Space
- 77007 Office Space
- 77008 Office Space
- 77015 Office Space
- 77020 Office Space
- 77024 Office Space
- 77032 Office Space
- 77036 Office Space
- 77040 Office Space
- 77041 Office Space
- 77042 Office Space
- 77043 Office Space
- 77055 Office Space
- 77056 Office Space
- 77057 Office Space
- 77060 Office Space
- 77063 Office Space
- 77064 Office Space
- 77065 Office Space
- 77066 Office Space
- 77070 Office Space
- 77073 Office Space
- 77077 Office Space
- 77081 Office Space
- 77084 Office Space
- 77087 Office Space
- 77090 Office Space
- 77092 Office Space
- 77099 Office Space
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Neighborhoods
- Addicks Park Ten Office Space
- Alief Office Space
- Central Southwest Houston Office Space
- Clear Lake Office Space
- Denver Harbor - Port Houston Office Space
- Downtown Houston Office Space
- Eldridge - West Oaks Office Space
- Energy Corridor Office Space
- Fairbanks - Northwest Crossing Office Space
- Golfcrest - Bellfort - Reveille Office Space
- Greater Fondren Southwest Office Space
- Greater Greenspoint Office Space
- Greater Heights Office Space
- Greater Hobby Area Office Space
- Greenway - Upper Kirby Office Space
- Gulfton Office Space
- Lazy Brook - Timbergrove Office Space
- Mid West Houston Office Space
- Northshore Office Space
- Northside - Northline Office Space
- Northwest Park Office Space
- Oak Forest - Garden Oaks Office Space
- Sharpstown Office Space
- South Belt - Ellington Office Space
- Spring Branch East Office Space
- Spring Branch West Office Space
- Uptown Houston Office Space
- Washington Ave - Memorial Park Office Space
- Westchase Office Space
- Willowbrook Industrial Park Office Space
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