FM 1960/Hwy 249 The FM 1960/Hwy 249 market contains approximately 400 office buildings in the submarket, comprising a total of 8,545,000 rentable square feet. With the vacancy traditionally at 10%, this is a good market for office building investors. Quoted rents are trending at $24.00 per square foot and are likely to increase over the coming years. This portion of FM 1960 sits northwest of Houston between Cypress and Jersey Village and is a heavy industrial market and retail market.
