Commercial Real Estate

A tale of two markets: Industrial remains robust while office continues to struggle with elevated vacancy rates.

Office Market: The Flight to Quality

Overall vacancy sits at an uncomfortable 24.8%. However, this masks a stark bifurcation. Class A++ newer builds (like Texas Tower) are leasing well, while older Class B properties face obsolescence.

Submarket	Vacancy Rate	Avg Asking Rent (FS)
CBD	26.2%	$42.50/sf
Galleria	22.1%	$38.75/sf
Energy Corridor	20.5%	$34.20/sf

FAQ

What is driving industrial demand?

Population growth, e-commerce fulfillment, and Port of Houston import volumes.