Downtown Houston sits on Houston’s original townsite. Since Houston’s founding in 1836, this area has been the heart of the city. For this reason, it is at the center of the Houston metro area. In fact, this makes it ideal for business. As a result, Downtown Houston CBD office space listings are very desirable. In fact, they are some of the most coveted office spaces in the metro area.
Downtown Houston’s Coveted Office Spaces
Demand is high for Downtown Houston CBD office space listings. They are coveted across the board by many companies. In essence, a Downtown address adds a certain weight to a business in many people’s eyes.
Because it is such a desirable submarket, the monthly rental rates are higher than they are elsewhere. In fact, Downtown’s rental rates are some of the highest in the city. In fact, Downtown’s Louisiana Street is one of the most expensive streets in the nation. Yet despite the high price tag, Downtown typically has lower vacancy rates than most other Houston submarkets.
Downtown is also the metro area’s largest office market. All total, Downtown has 50 million SF of office space. This includes almost 30 million SF of Class A office space. And soon, more office space listings in Downtown Houston will be available. Additionally, there are almost $3 billion of projects underway, both in the construction pipeline and recently completed projects.
Apart from being a premium submarket, Downtown is green as well. Specifically, there is over 46 million SF of green office space. All in all, these green spaces are found in 60 LEED Certified projects and 42 Energy Star Certified buildings.
Downtown CBD is A Place to Work, Live, and Play
Not only is Downtown is a great place to do business, but it is also a great place to play. Downtown is marked off by Interstate 10, Interstate 45, and Interstate 69. This 1.84-square-mile area has entertainment, shopping, recreation, and more.
Both the Houston Astros and Houston Rockets play Downtown. The Astros play at Minute Maid Park. And the Rockets play at Toyota Center. In addition, the area has several performing arts venues. What’s more, each venue has permanent professional resident companies that perform ballet, music, opera, and theater productions.
On top of that, Downtown is becoming more residential than before. Each year, increasing numbers of people move to Downtown. According to Downtown District, 3,800 people resided in Downtown in 2012. Over the past few years, efforts by the Downtown Living Initiative have attracted thousands of new residents. Currently, over 8,000 people call the Downtown district home.
Downtown’s Notable Architecture
Downtown Houston’s skyline is dotted with recognizable skyscrapers. Notable Downtown skyscrapers include:
One Shell Plaza – 50 floors, 714 ft
JPMorgan Chase Tower – 75 floors, 1,002 ft
Wells Fargo Plaza – 71 floors, 970 ft
Other notable Downtown buildings include:
The Scanlan Building — listed in the National Register of Historic Places; it was the largest building in the city when constructed in 1909
The Gulf Building — one of the South’s best examples of an Art Deco skyscraper
Houston City Hall — completed in 1939; another great example of an Art Deco era building
The Carter Building — was the tallest building in Texas when completed in 1910
The variety of properties in Downtown offers a wide selection of office spaces for lease or purchase. At CXRE, we are Downtown experts. We know the locations, the properties, and we know the options that are available. Therefore, CXRE is ready to assist with office space listings in Downtown Houston.
Houston’s Preferred Location
Downtown Houston is the preferred location for prominent companies. Consequently, it has the region’s largest concentration of employment. Currently, 150,000 employees work at over 3,000 businesses and companies. Within Downtown’s 400 square block area, the top five private employers are:
Chevron (8,000 employees)
JP Morgan Chase (2,700 employees)
Deloitte (2,207 employees)
Kinder Morgan (1,900 employees)
CenterPoint Energy (1,808 employees)
In addition, 63 Fortune 500 companies have a presence in Downtown Houston. Not only that, but 10 of these companies have their main headquarters Downtown. The top five highest ranked Fortune 500 companies headquartered in Downtown are:
Enterprise Products Partners (#105)
Plains GP Holdings, LP (#115)
Waste Management (#202)
Kinder Morgan (#218)
NRG (#269)
Downtown Houston is a Hotbed of Office Activity
Downtown Houston is a hotbed of office activity. Out of all the Houston submarkets, CBD Houston office listings are highly sought-after. If you are interested in Downtown office space, CXRE is ready to help.
We are commercial office leasing experts. In addition, we practice excellence. CXRE’s leasing experts can help you lease your existing property. Also, we can help you find office space for lease in Downtown. If you want to purchase office space, we can also assist you. Regardless of matter which side the transaction you are on, you will have an experienced broker on your side.
CXRE offers each client an exceptional, personalized leasing experience. Not only that but we develop customized marketing strategies for each client. Our agents and brokers provide individualized leasing solutions. Not cookie-cutter methods.
Find Downtown Houston Office Space Listings with CXRE
CXRE is at the forefront of Downtown CBD Houston office listings. We offer a variety of commercial office leasing and administration services. Our experienced, knowledgeable agents handle owner agency leasing, tenant agency leasing, office build-out management, and many other services.
We find solutions for our clients’ Downtown office needs. Yet, our agents do more than handle transactions. Because all of our clients are valued partners, we value relationships.
Additionally, CXRE can provide financial services, asset maintenance, infrastructure management, and other services. On top of our office expertise, our agents handle land brokerage, industrial warehouses, and medical office buildings.
Contact us today so we can assist with office space listings in Downtown Houston. CXRE is a team of Texas-licensed commercial agents and brokers (TREC Corporate Broker, CXRE LLC, License #9004453).
Downtown Houston (CBD) The Downtown market contains approximately 160 office buildings in the submarket, comprising a total of 50,560,000 rentable square feet. With the vacancy traditionally at 19%, this is a good market for office building investors. Quoted rents are trending in the $39-$40 per square foot range and are likely to increase over the coming years. Downtown is in the heart of Houston, encircled by I-45, I-69, and I-10. Downtown is a heavy office market with a large industrial market on the outskirts. The community is served by the Houston ISD. Population is estimated to be 10,000.
Downtown Houston (CBD) The Downtown market contains approximately 160 office buildings in the submarket, comprising a total of 50,560,000 rentable square feet. With the vacancy traditionally at 19%, this is a good market for office building investors. Quoted rents are trending in the $39-$40 per square foot range and are likely to increase over the coming years. Downtown is in the heart of Houston, encircled by I-45, I-69, and I-10. Downtown is a heavy office market with a large industrial market on the outskirts. The community is served by the Houston ISD. Population is estimated to be 10,000.
Downtown Houston (CBD) The Downtown market contains approximately 160 office buildings in the submarket, comprising a total of 50,560,000 rentable square feet. With the vacancy traditionally at 19%, this is a good market for office building investors. Quoted rents are trending in the $39-$40 per square foot range and are likely to increase over the coming years. Downtown is in the heart of Houston, encircled by I-45, I-69, and I-10. Downtown is a heavy office market with a large industrial market on the outskirts. The community is served by the Houston ISD. Population is estimated to be 10,000.
Downtown Houston (CBD) The Downtown market contains approximately 160 office buildings in the submarket, comprising a total of 50,560,000 rentable square feet. With the vacancy traditionally at 19%, this is a good market for office building investors. Quoted rents are trending in the $39-$40 per square foot range and are likely to increase over the coming years. Downtown is in the heart of Houston, encircled by I-45, I-69, and I-10. Downtown is a heavy office market with a large industrial market on the outskirts. The community is served by the Houston ISD. Population is estimated to be 10,000.
Downtown Houston (CBD) The Downtown market contains approximately 160 office buildings in the submarket, comprising a total of 50,560,000 rentable square feet. With the vacancy traditionally at 19%, this is a good market for office building investors. Quoted rents are trending in the $39-$40 per square foot range and are likely to increase over the coming years. Downtown is in the heart of Houston, encircled by I-45, I-69, and I-10. Downtown is a heavy office market with a large industrial market on the outskirts. The community is served by the Houston ISD. Population is estimated to be 10,000.
