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7,466 Commercial Real Estate Listings in Houston, TX

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Houston, TX Commercial Real Estate

There are currently 7,581 commercial listings available in Houston, TX. These listings include 10,432 commercial spaces that encompass a total of 117,301,006 square feet. Available commercial spaces in Houston, TX range in size from 0 square feet to 1,545,120 square feet. A total of 4,428 off-market commercial properties located in Houston, TX are also available for research.

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Houston, TX Commercial Real Estate Market Overview

Location Photo

Although the energy sector remains a prominent segment of Houston’s economy, the city’s business environment has diversified considerably throughout the years. Specifically, it has made room to now include a wide variety of enterprises operating in industries including healthcare, biomedical research, aerospace and information technology. In particular, commercial real estate in Houston is home to one of the largest U.S. clusters of Fortune 500 company headquarters, as well a one of the largest industrial sectors in the country, which accommodates everything from research to refining to manufacturing and more.

The nine-county Houston metropolitan statistical area covers roughly 9,400 square miles, which is larger than the states of New Hampshire, New Jersey, Connecticut, Delaware and Rhode Island combined. The region’s high economic diversity ensured a quick and impressive recovery following the nationwide recession of 2008-2009. This same diversity also conferred notable resilience to the regional job market when the city’s traditional energy sector was facing challenges. Likewise, commerce in the Houston MSA greatly benefits from its proximity to the Gulf of Mexico, as the Houston-Galveston Customs District regularly ranks among the busiest — both in tonnage and trade value — handling commodities and goods from nearly 100 trade categories.

Houston, TX Commercial Inventory Breakdown

In 2021 the Houston, TX commercial real estate market totaled 250,548,871 square feet of office spaces, 87,138,929 square feet of office spaces with retail, and 330,563,941 square feet of industrial space.

Office Spaces

Total: 250,548,871 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 30,607,344 SqFt 12.22% of total office
100k to 500k SqFt 127,965,564 SqFt 51.07% of total office
500k to 1M SqFt 41,875,496 SqFt 16.71% of total office
> 1M SqFt 50,100,467 SqFt 20% of total office
By class:
Class A+ 13,741,393 SqFt 5.48% of total office
Class A 119,426,261 SqFt 47.67% of total office
Class B 84,173,900 SqFt 33.6% of total office
Class C 2,830,181 SqFt 1.13% of total office
Roughly 16.71% of the total office space in Houston, TX is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 12.22% of the office inventory.

Class A office space holds a 47.67% share of the overall Houston, TX office market, while Class B office assets make up approximately 33.6%.

Industrial

Total: 330,563,941 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 72,401,185 SqFt 21.9% of total industrial
100k to 500k SqFt 216,441,730 SqFt 65.48% of total industrial
500k to 1M SqFt 28,588,865 SqFt 8.65% of total industrial
> 1M SqFt 13,132,161 SqFt 3.97% of total industrial
By class:
Class A 108,875,538 SqFt 32.94% of total industrial
Class B 194,273,062 SqFt 58.77% of total industrial
Class C 15,936,396 SqFt 4.82% of total industrial
There are 216,441,730 square feet of commercial real estate properties between 100k to 500k square feet, representing 65.48% of the Houston, TX industrial inventory. Class A assets total 108,875,538 square feet of industrial space, with an additional 194,273,062 square feet of Class B and 15,936,396 square feet of Class C properties.

Office Spaces with Retail

Total: 87,138,929 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 27,125,162 SqFt 31.13% of total office with retail
100k to 500k SqFt 51,333,446 SqFt 58.91% of total office with retail
500k to 1M SqFt 6,867,256 SqFt 7.88% of total office with retail
> 1M SqFt 1,813,065 SqFt 2.08% of total office with retail

Houston, TX Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total Sqft
Houston, TX Office 1,217 64,441,687
Houston, TX Retail 628 7,208,905
Houston, TX Industrial 941 41,927,466
Houston, TX Other 3,485 117,892,686
Ofice Icon

1,217

Office

Industrial Icon

941

Industrial

Retail Icon

628

Retail

Current local active listing encompass 231,470,744 square feet of commercial space for lease in Houston. There are 1,217 active office listings, which amount to 64,441,687 square feet and account for 19% of commercial spaces on the market. Local retail availability includes 7,208,905 square feet across 628 listings. Current industrial offerings on the market amount to 41,927,466 square feet across a total of 941.

Employment in Houston, TX

Employed Population 1,136,407

Employed population - Industry % Distribution

Management, business, science, and arts occupations

37%

Service occupations

19%

Sales and office occupations

18%

Production, transportation, and material moving occupations

14%

Natural resources, construction, and maintenance occupations

12%

In 2019, roughly 37% of a total of 1,136,407 employed in Houston worked in Management, business, science, and arts occupations, followed by 19% in Service occupations and 18% in Sales and office occupations.

Income per capita $33,377  Median household income $52,450

Household income

47%

Under $50k

28%

$50k - $100k

16%

$100k - $200k

8%

Over $200k

The median household income in Houston stands at $52,450, with per capita income at $33,377. Households earning between $50k and $100k represent 28% of the total, while those earning over $200k make up 8%. Approximately 47% of Houston households earn less than $50k per year.

Commuting in Houston, TX

Mean travel time to work 28 minutes

Means of transportation to work

78.10%

Driving alone

9.70%

Carpool

3.80%

Public transit

0.40%

Bicycle

1.90%

Walking

1.60%

Other

4.40%

Work at Home

*Universe: Workers 16 and over

Education in Houston, TX

High school grad or higher 80%

Bachelor's degree or higher 34%

Population by minimum level of education

20%

No degree

23%

High school

23%

Some College

21%

Bachelor's

13%

Post-grad

*Universe: Workers 25 and over

An estimated 80% of Houston residents aged 25 or over hold a high school degree or higher. Of those, 23% are high school graduates, 23% attended some college, 21% earned a bachelor's degree, with an additional 13% holding post-graduate degrees.

Houston, TX Demographics

As of 2019, Houston had a total population of 2,316,797, with a median age of 33.40 years. Roughly 67.90% of the total population was between the ages of 16 and 64 years old.

Market News

The CommercialCafe blog tracks CRE trends, market and industry news together with the latest coworking trends.

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