Houston Market Report
Houston commercial real estate market report — 33,855,300 SF tracked across 130 buildings, 190 sale comparables, 835 lease comparables and 119 loans with 38 maturing before 2029.
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 |
Recent sale comparables
| Date | Property | Type | Price | $/SF | Cap | Buyer |
|---|---|---|---|---|---|---|
| 2026-07-26 | 2913 Guadalupe St | Office | $14.78M | $90.93 | 6.52% | Cascade Realty Trust |
| 2026-07-07 | 3274 Domain Dr | Industrial | $8.12M | $52.49 | 5.81% | Zenith Real Estate |
| 2026-06-29 | 1585 Fredericksburg Rd | Multi-Family | $172.73M | $443.57 | 6.45% | Silverline Holdings |
| 2026-06-18 | 1057 Broadway St | Medical | $68.41M | $375.45 | 5.71% | Redwood Property Trust |
| 2026-05-25 | 2163 Commerce St | Office | $7.09M | $232.43 | 8.24% | Juniper Real Estate |
| 2026-02-19 | 1324 Mesa St | Industrial | $75.88M | $95.79 | 6.65% | Zenith Real Estate |
| 2026-01-11 | 2557 Post Oak Blvd | Flex | $6.28M | $89.90 | 4.73% | Fairbridge Partners |
| 2025-12-29 | 2251 Fannin St | Office | $238.06M | $378.66 | 6.21% | Zenith Real Estate |
| 2025-12-25 | 3714 Andrews Hwy | Hospitality | $42.54M | $381.86 | 5.51% | James River Properties |
| 2025-12-04 | 2274 S Padre Island Dr | Office | $24.45M | $211.36 | 9.04% | Aldergate Capital |
| 2025-12-03 | 2416 N Harwood St | Medical | $14.79M | $129.95 | 5.83% | Fairbridge Partners |
| 2025-11-13 | 1836 Commerce St | Retail | $20.86M | $379.95 | 6.27% | Permian Basin Properties |
Debt and rollover exposure
119 loans totalling $4.08B are tracked against Houston assets. 38 of them, representing $1.55B, mature before January 2029. Separately, 499 tracked leases covering 7,946,640 SF expire in the same window.
Weighted average coupon on tracked Houston debt is 5.56% with average loan-to-value of 59.3%. See how to read a maturity schedule for the refinancing-gap method.
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).
Methodology
Fundamentals are computed from RealStarGlobal's tracked inventory for Houston and re-cut on each build (2026-08-26). Sale and lease comparables are the tracked transaction set for assets in this market; loan records derive from recorded mortgages and tracked lender reporting. Property-level inventory in this demonstration dataset is RealStarGlobal sample data — live market activity, deal flow and news come from the Acquirepad CRE intelligence feed. Registry and GIS provenance per jurisdiction is set out in the data sourcing plan. Definitions follow the conventions described in why providers disagree about submarkets.