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: 236,124,582 SF
By square footage range:
- 50k to 100k SF: 28,079,034 SF / 11.89% of total office
- 100k to 500k SF: 122,710,674 SF / 51.97% of total office
- 500k to 1M SF: 39,289,763 SF / 16.64% of total office
- > 1M SF: 46,045,111 SF / 19.5% of total office
By class:
- Class A+: 13,609,537 SF / 5.76% of total office
- Class A: 113,271,874 SF / 47.97% of total office
- Class B: 83,129,323 SF / 35.21% of total office
- Class C: 2,291,234 SF / 0.97% of total office
Top 10 Largest Office Buildings
in Houston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| East River | 4100 Clinton Drive, 77020 | 8,900,000 | n/a |
| Hewlett Packard Enterprise Campus | 11445 Compaq Center West Drive, 77070 | 2,000,000 | 1984 |
| Wells Fargo Plaza | 1000 Louisiana Street, 77002 | 1,721,242 | 1983 |
| Chevron Tower - 1600 Louisiana Street | 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 |
Most Recently-Built Office Buildings
in Houston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| The Post Oak | 1600 West Loop South Fwy, 77027 | 680,000 | 2018 |
| The Kirby Collection Tower One | 3200 Kirby Drive, 77098 | 251,510 | 2018 |
| Lockton Place | 3657 Briarpark Drive, 77042 | 186,000 | 2018 |
| BakerRipley Central | 4450 Harrisburg Blvd, 77011 | 88,000 | 2018 |
| 18211 Katy Fwy | 18211 Katy Fwy, 77094 | 86,255 | 2018 |
| 7800 Washington Avenue | 7800 Washington Avenue, 77007 | 66,060 | 2018 |
| 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 |
| SouthPoint Business Park - Buildings 1,3 & 5 | 3207 South Sam Houston Pkwy East, 77047 | 151,165 | 2017 |
Houston, TX Green Office Space
Houston TX office buildings rank #4 for buildings larger than 50,000 square feet that are green, with over 28% of the office square footage in Houston being LEED-certified, and over 43% of the office space in Houston being Energy Star-compliant.
As an increasing number of Class A office tenants in Houston begin to place energy efficient space at the top of their list, both private and institutional investors will continue to pursue green certification for their assets, advancing the green office trend upward. With its healthy mix of both traditional energy, green energy, and high-technology industries, the Houston office market continues to offer tenants what they demand.
The 2017 National Green Building Adoption Index looked at commercial office properties in 30 major U.S. markets and found that, including EPA Energy Star-labeled buildings, the percentage of green certification has increased from under 5% in 2005 to 38% as of mid-2017. Houston placed fourth in this annual survey.
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 Population2,267,336
- 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
- Addicks Park Ten Demographics
- Afton Oaks - River Oaks Demographics
- Alief Demographics
- Astrodome Demographics
- Briarforest Demographics
- Carverdale Demographics
- Clear Lake Demographics
- Downtown Houston Demographics
- Eldridge - West Oaks Demographics
- Energy Corridor Demographics
- Fairbanks - Northwest Crossing Demographics
- Fountain View Demographics
- Greater Greenspoint Demographics
- Greenway - Upper Kirby Demographics
- Iah - Airport Demographics
- Independence Heights Demographics
- Lazy Brook - Timbergrove Demographics
- Memorial Demographics
- North Houston Gardens Demographics
- Oak Hollow Demographics
- Pleasantville Demographics
- Sharpstown Demographics
- Spring Branch East Demographics
- Spring Branch West Demographics
- Uptown Houston Demographics
- Washington Ave - Memorial Park Demographics
- Westbranch Demographics
- Westchase Demographics
News
2019 US Office Pipeline – NYC, the Bay Area and San Francisco Set to Deliver 33 MSF of Office Space
April 10, 2019
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...
$24 billion worth of assets changed hands in the top 50 biggest office deals to close in 2018. Google, Disney, Samsung mingled with established top CRE players. Check out the full list and read up on last year’s most notable U.S. office investments.
Cities near Houston, TX
- Aldine Office Space
- Atascocita Office Space
- Bellaire Office Space
- Channelview Office Space
- Cloverleaf Office Space
- Deer Park Office Space
- Hedwig Village Office Space
- Humble Office Space
- Humble City Office Space
- Hunters Creek Village Office Space
- Jacinto City Office Space
- Jersey Village Office Space
- Memorial Villages Office Space
- Missouri City Office Space
- Pearland Office Space
- Spring Office Space
- Spring Valley Village Office Space
- Stafford Office Space
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Houston, TX zip codes
- 77002 Office Space
- 77007 Office Space
- 77008 Office Space
- 77024 Office Space
- 77027 Office Space
- 77030 Office Space
- 77032 Office Space
- 77036 Office Space
- 77040 Office Space
- 77041 Office Space
- 77042 Office Space
- 77043 Office Space
- 77054 Office Space
- 77056 Office Space
- 77057 Office Space
- 77058 Office Space
- 77060 Office Space
- 77063 Office Space
- 77064 Office Space
- 77067 Office Space
- 77070 Office Space
- 77072 Office Space
- 77074 Office Space
- 77077 Office Space
- 77079 Office Space
- 77084 Office Space
- 77090 Office Space
- 77092 Office Space
- 77098 Office Space
- 77401 Office Space
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Neighborhoods
- Addicks Park Ten Office Space
- Afton Oaks - River Oaks Office Space
- Alief Office Space
- Briarforest Office Space
- Chinatown Office Space
- Clear Lake Office Space
- Cypress Village Office Space
- Downtown Houston Office Space
- Eldridge - West Oaks Office Space
- Energy Corridor Office Space
- Fairbanks - Northwest Crossing Office Space
- Greater Greenspoint Office Space
- Greater Heights Office Space
- Greenway - Upper Kirby Office Space
- Inverness Estates Office Space
- Lazy Brook - Timbergrove Office Space
- Medical Center Office Space
- Memorial Office Space
- Midtown Houston Office Space
- Nassau Bay Office Space
- Neartown - Montrose Office Space
- North Houston Gardens Office Space
- Sharpstown Office Space
- Spring Branch East Office Space
- Spring Branch West Office Space
- Uptown Houston Office Space
- Washington Ave - Memorial Park Office Space
- Westbranch Office Space
- Westchase Office Space
- Westwood Office Space
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Cities near Houston, TX
- Aldine Commercial Real Estate
- Atascocita Commercial Real Estate
- Bellaire Commercial Real Estate
- Channelview Commercial Real Estate
- Cloverleaf Commercial Real Estate
- Deer Park Commercial Real Estate
- Fifth Street Commercial Real Estate
- Galena Park Commercial Real Estate
- Hedwig Village Commercial Real Estate
- Humble Commercial Real Estate
- Humble City Commercial Real Estate
- Hunters Creek Village Commercial Real Estate
- Jacinto City Commercial Real Estate
- Jersey Village Commercial Real Estate
- Memorial Villages Commercial Real Estate
- Missouri City Commercial Real Estate
- Pearland Commercial Real Estate
- Sheldon Commercial Real Estate
- Spring Commercial Real Estate
- Spring Valley Village Commercial Real Estate
- Stafford Commercial Real Estate
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