Houston, TX Office Overview
The city of Houston is home to a population of over two million residents and is the economic hub of the greater Houston metropolitan region, which encompasses nearly seven million people. Enterprises and institutions operating in industries like energy, aerospace and defense, and bioscience continue to drive the city’s strong economy and and demand for real estate development and investment.
The city’s broad industrial and business base is complemented by what is the most racially and ethnically diverse population in the country. Industries operating in Houston include finance, information technology, healthcare, life science research, manufacturing and industry, aerospace, trade, and tourism.
Houston, TX Office Inventory Description
As of mid-2017, the Houston office market encompassed over 195 million square feet of office space, in properties larger than 50,000 square feet. A major corporate center, Houston is home to almost as many large public companies as is New York City, and the local office inventory certainly reflects that. Nearly 60% of the city’s office space is Class A product, while Class B office properties make up nearly 39% of inventory
The city’s densest subdivision, in terms of office use, is Downtown Houston. Bordered by the I-45, I-10, and I-69 freeways, this neighborhood is home to notable properties like the CenterPoint Energy Tower, the JPMorgan Chase Tower and Wells Fargo Plaza.
The Energy Corridor that has developed along Interstate 10 is home to large corporate campuses like Woodbranch Plaza, Ashford park, Westlake Park, and the Energy Towers. Clear Lake, a neighborhood in Southeast Houston, is home to the Johnson Space Center, as well as numerous office towers and campuses. North Houston has also seen increased development, mainly in the medical office sector.
Northwest Houston is also a prolific office development subdivision in the city. Home to several development clustered that have grown along the Sam Houston Tollway, Highway 249, and the Cypress Creek Parkway, there is still more room to grow. West Houston boasts two dense office corridors, along Interstate 10 and the Sam Houston Tollway.
Houston, TX Commercial Inventory Breakdown
Office Spaces
Total: 236,503,474 SF
By square footage range:
- 50k to 100k SF: 30,275,322 SF / 12.8% of total office
- 100k to 500k SF: 127,056,734 SF / 53.72% of total office
- 500k to 1M SF: 40,663,897 SF / 17.19% of total office
- > 1M SF: 38,507,521 SF / 16.28% of total office
By class:
- Class A+: 13,764,537 SF / 5.82% of total office
- Class A: 117,788,067 SF / 49.8% of total office
- Class B: 83,646,418 SF / 35.37% of total office
- Class C: 2,980,074 SF / 1.26% of total office
Top 10 Largest Office Buildings
in Houston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 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 |
| JPMorgan Chase Tower | 600 Travis Street, 77002 | 1,683,893 | 1981 |
| 600 Travis | 600 Travis Street, 77002 | 1,656,529 | 1981 |
| Williams Tower | 2800 Post Oak Blvd, 77056 | 1,482,384 | 1983 |
| Pennzoil Place | 711 Louisiana Street, 77002 | 1,409,713 | 1975 |
| 1001 Fannin | 1001 Fannin Street, 77002 | 1,385,212 | 1981 |
| 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 |
Largest Office Properties Recently Completed
in Houston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| POST Houston | 401 Franklin Street, 77201 | 550,000 | 2021 |
| Marathon Oil Headquarters | 990 Town and Country Blvd, 77024 | 445,000 | 2021 |
| The Ion | 4201 Main Street, 77002 | 288,000 | 2021 |
| 8020 Katy Freeway | 8020 Katy Fwy, 77055 | 205,500 | 2021 |
| 9753 Katy Freeway | 9753 Katy Fwy, 77024 | 190,000 | 2021 |
| Montrose Collective | 888 Westheimer Road, 77006 | 169,514 | 2021 |
| Houston Methodist Clear Lake Hospital Orthopedic MOB | 18123 Upper Bay Road, 77058 | 158,000 | 2021 |
| Museo Plaza Medical Office Building | 5115 Fannin Street, 77004 | 154,056 | 2021 |
| 7500 Fannin Street | 7500 Fannin Street, 77054 | 122,054 | 2021 |
| Village Towers - Building 2 | 9655 Katy Fwy, 77024 | 120,000 | 2021 |
Houston, TX Green Office Space
Houston ranks fourth for buildings larger than 50,000 square feet that are green-compliant. Nearly 30% of the city inventory is LEED-certified, and roughly 43% of office space is EPA Energy Star-rated.
As more and more tenants prefer energy-efficient, ecologically oriented building practices, both private and institutional investors continue to pursue green certification for their assets, advancing the green office trend. With a healthy diverse mix of both traditional energy, green energy, and high-technology industries, the economy continues to favor modern commercial real estate development.
The 2017 National Green Building Adoption Index looked at commercial office properties in 30 major U.S. markets and found that the percentage of green office space has increased from under 5% in 2005 to nearly 40% in mid-2017. Houston placed fourth in this 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 local market and attract both national and global investors that stability and long-term performance.
Major active economy sectors in the metro include real estate and corporate headquarters, finance, information technology, biomedical, and energy.
- Real Estate and corporate headquarters – Houston is home to more than 20 Fortune 500 companies, including Sysco, Baker Hughes and Halliburton;
- Finance – banking, financial services and foreign government trade offices are major users of local office space;
- Information Technology – the Houston Technology Center is the city's center for high-tech entrepreneurship, with more than 1,000 computer-related companies calling this city 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.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Houston, TX?
The average office rental rate in Houston, TX is $20.14 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Houston Office Market Trends for more stats.
What is the size of available office spaces in Houston, TX?
The Houston, TX office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 561,782 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Houston, TX is 64 square feet, while the maximum rentable space on the market now is 1,123,500 square feet.
How do I get office space in Houston, TX?
Start your search for office space in Houston, TX by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Houston, TX?
There are 1,802 office listings on the Houston, TX market. See all available office spaces for rent.
Where to rent an office space in Houston, TX?
Popular Houston neighbourhoods with available office spaces include Central Houston, West Houston and Southwest Houston.
What other property types are available for lease in Houston, TX?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Houston Demographics
Population
- Total Population2,310,432
- Male Population(49.9 %) 1,153,417
- Female Population(50.1 %) 1,157,015
- Median Age33.00
Income/Financial
- Average Household Income$84,180
- Median Household Income$52,338
- Median Income Under 25$30,893
- Median Income 25-44$54,218
- Median Income 45-64$58,972
- Median Income Over 65$42,328
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