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Houston, Texas is known as:

"Space City" - "Houston, Tranquility base here. The Eagle has landed."  - Neil Armstrong spoke these words from the surface of the Moon on July 20, 1969;

"H-Town" - The Energy Capital of the World -  a global, diverse, city known for its deep roots in energy and home to a large concentration of engineers; 

"The Bayou City" - Home of the Texas Medical Center—the world's largest concentration of healthcare and research institutions;

"Clutch City” – Earned after the Houston Rockets won the 1994 and 1995 NBA championships.

A top city for millennials, Houston’s broadened economic base includes manufacturing, aeronautics, transportation, finance, international trade, entertainment, design, sports, technology and education. 

The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled.

Houston is the largest city in Texas.  Mobility in the area is one of the top concerns for any business.  Decisions you make on where to locate your office can significantly affect you, your employees, employee recruitment and your clients. Obviously, there are many other factors you need to consider as well.  We can help ensure you have the information and understanding of the market you need to make the right choice in selecting your office space. We can help whether you want to lease or find a property to purchase.

With over 300 million square feet of office space spread over 26 submarkets, finding the most suitable office space can be a real challenge.

OfficeFinder has a corps of local Houston office space brokers who specialize in helping businesses find and negotiate for their office space. When you fill out the form at the top of this page, we analyze your needs and locate the one who is the best fit to help you out. We have pre-screened and pre-qualified all of our brokers to make sure that you get the service that you want. They will contact you right away and there is no obligation. In most cases, you will find that they perform well above your expectations. Not to leave out that their services are free to you.

The best value in commercial leasing is not easy to obtain. It can take a lot of work to wade through the options.  Get the help you need to ensure you get the best space available.

Some of the Houston office submarkets to consider include:

Downtown CBD
Houston Downtown CBD is located between Hwy 59 and Interstates 45 and 10. It is the City’s central business district and home to many well-known corporations.  Reaching roughly 50 million square feet, Downton Houston has a mix of historic office buildings as well as some of the top iconic office buildings in the world. Hines Interests, founded in Houston in 1957, is a world class developer that significantly influenced the look of our CBD skyline.  Our tunnel and sky bridge systems are efficient and convenient connecting many of the building in the CBD. The submarket attracts large image conscience companies requiring a central location with ample public transportation.

Uptown
The Uptown submarket is a dynamic and vibrant area of Houston. Historically and often referred to as the Galleria area, the business district is ranked 17th largest in the U.S with roughly 2,000 businesses, consulates, high rise condos and 24 million square feet of office space.

The area grew significantly after Hines Interests completed The Galleria shopping mall in 1970, staking claim to one of the most successful multi-use developments. After multiple expansions adding retail, office and hotel, the destination is recognized worldwide for the convenience of immediate access to a vast collection of large retailers, specialty boutique shops, restaurants, entertainment and business services.

Larger multi-building complexes in Uptown are Lakes on Post Oak, Post Oak Central, Four Oaks and Riverway. The 64 Story Williams Tower, formally Transco Tower, is the tallest building in Houston outside of downtown.

Recently added Blvd Place improved the mix of multi-use properties in the area replacing older obsolete structures with upscale shops, restaurants, a Whole Foods Market, office space and high-rise residences.

Close to Memorial Park and affluent neighborhoods, the Uptown submarket offers a wide variety of office leasing options to businesses of all sizes

Greenway Plaza
The Greenway Plaza submarket inherited its identity, and our reference to the area originated, from the large master planned commercial development created by Century Development.

While a wide variety of class A, B and C office buildings, of all sizes and ages are located in the submarket, the 10-building 4.4 million-square-foot Greenway Plaza office portfolio dominates the landscape.

Located west of downtown, east of the Galleria/Uptown office submarket, River Oaks to the north and West University to the south, Greenway Plaza is a highly desirable business location for affluent professionals.

The U.S. 59/Southwest Freeway connects the Greenway Plaza submarket to other freeways.

The Woodlands
Located 28 miles north of Houston along I-45, the Woodlands we know today is vastly different than that of 40 years ago. A true Texas business hero and gentleman, the late George P. Mitchell, established the community using federal assistance from HUD’s department - The New Community Development Corporation - Title VII New Towns.

The area, north of Houston and in Montgomery County, has matured into one of the most successful master planned communities in the country.

The Woodlands Development Company, which has changed ownership several times since its establishment is now a wholly-owned subsidiary of The Howard Hughes Corporation. The success of The Woodlands motivated Hughes to acquire an additional 2,000 acres north of Conroe.

The Woodlands historically low office vacancy rate has led to more than 2.4 million square feet of new office development.
Exxon Mobil Corp’s 385-acre corporate campus to the south has solidified the long term demand trend for the area.

The Energy Corridor
Some people mistakenly associate most or all of west Houston as a part of “The Energy Corridor”. The district has a distinct boundary north and south of Interstate 10 between Kirkwood and Barker Cypress.

The area gets its name from the many oil companies, both national and international, that are located there. Some of these include Shell Oil Company, BP America and ConocoPhillips along with many other large companies have headquarters or regional offices in the area.

As the third largest employment center in the region, with over 20 million square feet of office space in the area, it offers employers new state of the art facilities to entice and keep well educated personnel.

Not only is to a great area to work, but also provides a desirable suburban lifestyle for those living there. Surrounded by two large open natural areas, the Energy Corridor has over 50 miles of trails and 26,000 acres of parks. For those interested in an active and healthy lifestyle, it is hard to beat.

Westchase
The Westchase district is approximately 2,700 acres in size, with 18 million square feet of office space.
In 1973 the Westchase Corporation purchased 760 acres from the family of R.E. "Bob" Smith and development quickly followed. The Westchase District was created in the 73rd Texas State Legislature in the mid ‘90s.

The Westchase District is home to top companies like BMC Software, Haliburton, Petrobras and StatOil.

When Phillips 66 spun off from ConocoPhillips, the company acquired 14 acres in Houston’s Westchase submarket for a new global headquarters office building. The site is located off Beltway 8 West between Westheimer Road and Briar Forest Drive. The 1.1 million-square-foot facility will house all of the company’s Houston-area employees. The district is brimming with retail, restaurants, and banks and is surrounded by desirable single family residential homes.

Other Houston Submarkets include:

Houston-East
Houston-North
Houston-South/Southwest
Houston-West
League City
Stafford
Sugarland
Texas Medical Center

We'd love to have the opportunity to prove ourselves to you. If you need office space in Houston, give us a try. You will be glad you did!

Find Houston Office Space for Lease or Rent

Houston Office Center

Houston Office Space Designed for Business
Houston Office Center

Great Office Space in Houston

Houston Office Space - Flexible and Affordable Offices

Professional Office Space in Houston - Flexible Terms
River Oaks

Centrally Located Office Space in Houston
2 Blvd Place

Blvd Place Houston office space available now - zip 77056
5444 Westheimer

5444 Westheimer Houston office space available now - zip 77056
9801 Westheimer

9801 Westheimer Houston office space available now - zip 77042
American General

American General Houston office space available now - zip 77019
Ashford

Ashford Houston office space available now - zip 77077
Brookhollow Central III

Brookhollow Central III Houston office space available now - zip 77092
Champions Forest

Champions Forest Houston office space available now - zip 77069
Chasewood

Chasewood Houston office space available now - zip 77070
CityCentre

CityCentre Houston office space available now - zip77024
Downtown - Pennzoil Place

Downtown - Pennzoil Place Houston office space available- zip 77002
Downtown - Texas Avenue

Texas Avenue Houston office space available now - zip
Echo Lane

Echo Lane Houston office space available now - zip 77024
Energy Corridor

Energy Corridor Houston office space available now - zip 77079
Gateway I - Airport

Gateway I - Airport Houston office space available now - zip 77032
Greenway

GreenwayHouston office space available now - zip 77027
Houston Office Center

Coworking office Space in Houston
Houston Office Center

Magnificent 56 story highrise Office Space in Houston's Downtown
Memorial

Memorial Houston office space available now - zip 77057
North Houston

North Houston Office Space Available Now
Northbelt Airport

Northbelt Airport Houston office space available now - zip 77060
Northwest Freeway

Northwest Freeway Houston office space available now - zip 77040
One Riverway

One RiverwayHouston office space available now - zip 77056
Park Row

Park Row Houston office space available now - zip 77084
Park Ten Place

Park Ten Place Houston office space available now - zip 77084
River Oaks

River Oaks Houston office space available now - zip 77098
San Felipe Plaza

San Felipe Plaza Houston office space available now - zip 77057
Sugar Land

Private, Productive, and Professional Work Spaces in Sugar Land
Tanglewood

Private, Productive, and Professional Work Spaces.
The Villages

The Villages Houston office space available now - zip 77063
Town & Country II

Town & Country II Houston office space available now - zip 77024
Two Allen Center

Two Allen Center Houston office space available now - zip 77002
Two Post Oak Central

Two Post Oak Central Houston office space available now - zip 77056
Upper Kirby

Upper Kirby Houston office space available now - zip 77046
Uptown

Uptown Houston office space available now - zip 77027
West Loop

West Loop Houston office space available now - zip 77027
Westchase

WestchaseHouston office space available now - zip 77042
Westchase - Westheimer

Westchase - Westheimer Houston office space available- zip 77042
Wilcrest

Wilcrest Houston office space available now - zip 77042
Williams Tower, Houston TX

One of the Tallest Office Space in the Houston skyline
Willowbrook

Willowbrook Houston office space available now - zip 77070
Woodway

Woodway Houston office space available now - zip 77056

Are you interested in leasing office space in the greater Houston area? Here are some facts and figures that you should know.

According to CBRE, Houston past the oil downturn. Comparing it to the past years, Houston Market made big improvement in the first half of this year as the oil downturn has return to growth. Based on US Energy Information Administration, crude exports are significantly higher in the first half of 2018. The increase in the crude oil production, along with oil prices that creates significant job growth indicates Houston’s economy is thriving and greatly affecting Houston’s office market.

However, downtown is still exerting more effort to recover. CBD Class A net absorption is negative again this quarter due to significant factors; expiration of sublease then becomes vacant and vacant spaces caused by the energy moves are still affecting the market. Thru doubled efforts, Class A recent delivered and renovated with modern styles and amenities have been sustained and beat the lesser modern group. Some of energy firms are transitioning from legacy class A spaces into single-tenant buildings in the West and Southwest Houston. Some of these are Occidental, Shell and Schlumberger.

Overall, vacancy rate went down 40 basis points availability rate decreased by 20 basis points in the second half of the year after hitting the peak of 23% last quarter. On the other hand, it is marked as 50 basis points if  we are looking at it year over year, the second half of year, 2017 was at 19.2%.

Talking about absorption and demand, Houston’s office market has reached 901,844 sq. ft. of positive net absorption as entering the second half of the year. The largest gain was recorded from Suburban Class A, marking 457, 043 sq. ft. of positive net absorption.

Rental rate went up over the quarter and currently at $29.06 PSF.

Houston leasing activity is increasing as we near end-of-year. Activity includes new and direct, sublet, renewals and preleasing in proposed buildings. Notable transactions are 801 Texas leased by Vinson & Elkins with 212,000 SF and within the same building Hines with 155,000 SF,  1001 Louisiana St. leased by Constellation with 93,896 SF. 

The West Houston Market

According to CBRE, the highlight of the third quarter of the year were in West Houston, with Katy Freeway, Energy Corridor submarkets. Marked a contribution of 133,000 Sq. ft. with positive absorption while the oil prices are continuing to be stable.

The percentage of availability in these markets, as of the third quarter of 2018, is as follows: Energy Corridor – 27.3; Katy Freeway 13.0; Westchase - 28.0; West Belt – 31.0; and Far West – 21.6

Downtown

The urban submarket of the Central Business District (CBD) is described in CBRE's ViewPoint as "mature", meaning that it saw little increase in recent new construction, tighter availability, and higher cost of land.

In spite of the energy industry downturn, trophy space in Houston's CBD is trending toward non-energy occupiers. Availability in this submarket is expected to peak this year, placing office space there in direct competition to Class A offerings in the region. This will likely impact the Class A market negatively.

Availability in the CBD stood at 19.4 percent at the end of 2017.

West Loop/ Galleria

According to the ViewPoint, the West Loop/ Galleria submarket has not seen a swing in demand like other areas have.

This submarket -- popular with smaller firms such as independent law, accounting, consulting, temp agencies, and advertising professionals -- is likely to be impacted by a "flight to quality", even while larger companies vacate the area in favor of more centralized business operations within the ample space available in West Houston.

The West Loop/ Galleria submarket posted an availability rate of 19.1 percent in the fourth quarter of 2017.

By the Numbers

4.7 percent: The average increase of office space rents each year since 2005. This increase exceeds increases in both construction costs and inflation.

125,000++ square feet: available sublease as of the third quarter of 2018.

3.5 million square feet: The sum of fourth quarter leasing activity in the fourth quarter of 2018. The leasing activity made an increase of 22% over the quarter. This leasing activity includes new or direct, renewals and expansions, pre-leasing in proposed buildings and sublet. These are the notable transactions mentioned above.

212,823,986: The total net rentable area in Houston at the second half of 2018.

101,800 jobs: According to Texas Workforce Commission, Houston created 101,800 jobs. It is 3.4% increase in the 12months as of the end of July 2018. It has been exceeding the national average for the ninth consecutive. Major contributions came from the professional and business services.

2.7 million square feet: New developments and under construction. Hines started adding over 1.0 million square fee of office space in the CBD and expected to be delivered 2021. Other developments that started construction are Springwoods Village and Chasewood Crossing III in FM 1960 submarket.

8.4 percent: The availability rate in the Medical Center/ South submarket in the third quarter of 2018. This submarket is one of the smallest and tightest in the region.

$29.06 per square foot: Citywide overall asking rate. However, Class A rates fell 4.1% year-over -year to $37.09

10-40% decreased footprint: It is expected that more favorable markets to enjoy in the Year 2019 to 2020. This is due to the continuation of space compression resulted from efficient space planning.

1,698,903 square feet: Houston overall net absorption year 2018 to date.

2,776,925 square feet: Overall number for all under construction in Houston. 

5-7 years: CBRE states that it may take this long for the Houston office market to absorb six years of speculative construction, which began in 2010.

20-26 square feet: The amount of office space demanded per job, according to CBRE.

If you are ready to take advantage of the ample opportunities that the Houston office space market has to offer, let OfficeFinder help you find your new space. Contact us to get started today.

Useful Statistics for businesses looking for office space in Houston
  Houston TX State
2016 Estimated Population 2,240,582 26,956,435
Median Age 32.7 34.2
Housing Units 937,245 10,441,643
Occupied 831,166 9,289,554
Owned 359,118 5,747,458
Rented 472,048 3,542,096
Average Household Size 2.66 2.84
Rental Vacancy Rate 8.5% 7.6%
Homeowner Vacancy Rate 1.7% 1.6%
Median Home Value $140,300 $142,700
Median Monthly Rental Cost $898 $911
Estimated Mean Income $86,013 $88,231
Median Household Income $47,010 $54,727
Percent of Individuals below poverty level 21.9% 16.7%
Educational Attainment: Percent high school graduate or higher 77.4% 82.3%
Educational Attainment: Percent high school graduate 22.7% 25.1%
Educational Attainment: Percent with some College 18.6% 22.4%
Educational Attainment: Percent bachelor degree or higher 31.2% 28.1%
Average Commute time in minutes 26.8 25.9
Commute 1,074,683 12,237,558
Commute by car, truck or other vehicle - Drive Alone 819,711 9,830,530
Commute by car, truck or other vehicle - Carpool 126,007 1,297,571
Use Public Transportation 43,353 188,919
Work from Home 37,108 520,981
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