2720 Westheimer Rd$8.41 – $10.23/SF/yr NNN
Houston Commercial Real Estate Market
Houston CRE market data: 130 buildings, 33,855,300 SF of inventory, Industrial vacancy 21.6% and average asking rent $9.37/SF. Browse 130 live listings.
130Buildings tracked
33,855,300 SFInventory
6,317,601Population
2.2%Employment growth
130Live listings
10Submarkets
Houston fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Industrial | 27 | 13,541,800 | 21.6% | $9.37 | 5.9% | 5.50% | $464 |
| Office | 48 | 13,294,200 | 19.3% | $29.29 | 2.0% | 5.51% | $135 |
| Multi-Family | 8 | 2,822,600 | 7.0% | $26.15 | 1.7% | 7.13% | $537 |
| Retail | 14 | 1,400,100 | 24.0% | $36.50 | 3.9% | 5.47% | $362 |
| Medical | 16 | 1,383,600 | 15.0% | $28.89 | 4.7% | 7.05% | $361 |
| Flex | 9 | 937,800 | 28.3% | $15.70 | -1.1% | 8.01% | $385 |
Vacancy, asking rent and cap-rate series are maintained per market and property type and re-cut nightly. Full 12-quarter history, absorption and construction pipeline are in the RealStar.
Featured Houston listings
Lone Star Place$30.71 – $37.39/SF/yr FS
Pinnacle Pavilion$37.62 – $45.80/SF/yr NNN
Capital LandingRate on request
Cornerstone Court$8.76 – $10.66/SF/yr NNN
Concord Crossing$12.74 – $15.51/SF/yr NNN
2058 Cedar Springs RdRate on request
909 Richmond Ave$33.57 – $40.87/SF/yr FS
2660 San Felipe St$38.81 – $47.25/SF/yr NNN
Sterling Place$31.34 – $38.16/SF/yr NNN
Liberty Building$31.88 – $38.81/SF/yr FS
1698 Westheimer Rd$9.12 – $11.11/SF/yr NNN
130 commercial properties are tracked in Houston, representing 33,855,300 SF of rentable building area, of which 6,529,700 SF is currently marketed as available.
Asking rents average $26.97 per square foot per year, the median marketed suite is 21,400 SF, and listings have been on market a median of 381 days.
The stock splits 41 Class A, 59 Class B, 30 Class C, with construction dates from 1905 to 2024 (median 1962).
The most concentrated submarkets are Galleria / Uptown (18), Texas Medical Center (17), Port of Houston (14), Katy Freeway (14), Sugar Land (13).
Houston cities
Houston submarkets
Energy CorridorGalleria / UptownGreenway PlazaHouston CBDKaty FreewayPort of HoustonSugar LandTexas Medical CenterThe WoodlandsWestchase
Houston space by property type
Office for lease in HoustonOffice for lease in KatyOffice for lease in Sugar LandIndustrial for lease in HoustonIndustrial for lease in KatyIndustrial for lease in PasadenaIndustrial for lease in Sugar LandRetail for lease in HoustonRetail for lease in KatyRetail for lease in Sugar LandMulti-Family for lease in HoustonFlex for lease in HoustonFlex for lease in KatyFlex for lease in PasadenaMedical for lease in Houston
Nearby markets
New York CityDallas-Fort WorthAustinWashington DCRichmondSan AntonioNorthern New JerseyEl PasoBeaumontLaredoMidland-OdessaCorpus ChristiWaco-TempleRio Grande Valley
Market fundamentals are RealStarGlobal analytics derived from tracked inventory. Transaction and news signals come from the Acquirepad CRE feed. Registry, assessor and GIS provenance for every jurisdiction is documented in the data sourcing plan.
Frequently asked questions
How large is the Houston commercial real estate market?
RealStarGlobal tracks 130 buildings totalling 33,855,300 SF across 6 property types in Houston.
What is the vacancy rate in Houston?
Industrial 21.6%; Office 19.3%; Multi-Family 7.0%; Retail 24.0%; Medical 15.0%; Flex 28.3%.
What are asking rents in Houston?
Industrial $9.37/SF/yr (5.9% YoY); Office $29.29/SF/yr (2.0% YoY); Multi-Family $26.15/SF/yr (1.7% YoY); Retail $36.50/SF/yr (3.9% YoY); Medical $28.89/SF/yr (4.7% YoY); Flex $15.70/SF/yr (-1.1% YoY).
What cap rates are assets trading at in Houston?
Industrial 5.50% at $464/SF; Office 5.51% at $135/SF; Multi-Family 7.13% at $537/SF; Retail 5.47% at $362/SF; Medical 7.05% at $361/SF; Flex 8.01% at $385/SF.
What are the submarkets of Houston?
Energy Corridor, Galleria / Uptown, Greenway Plaza, Houston CBD, Katy Freeway, Port of Houston, Sugar Land, Texas Medical Center, The Woodlands, Westchase.
How many people live in the Houston market?
The Houston market has a population of 6,317,601 with employment growth of 2.2% year over year.
How do I get Houston lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for Houston are in the RealStar, and available programmatically through the MCP server.