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.

This submarket has tenants who are primarily in the energy space, due to its proximity to the Energy Corridor. However, there is an increasing number of diverse tenants, including medical offices. The demographics in the area reflect an average household income topping $87,000 in a one-mile radius of the Property and averaging over $84,000 within a five-mile radius.

$34.81

Building Information

  • Building ParkContact For Info
  • Market NameHouston
  • Rentable Building Area75006
  • Submarket NameFM 1960/Hwy 249

Financial Details

  • Year BuiltContact For Info
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$34.81
  • Max # of Occupants82
  • Building ClassA
  • Typical Floor SizeContact For Info
  • Vacancy %9.87%
  • Min Contiguous SF500
  • Max Contiguous SF2467
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
Restaurants
Shopping Malls
Bars
Banks
  • Wells Fargo Bank
  • Comerica Bank
  • Amegy Bank
Transit Stations
  • SH 249 Hwy @ Cypresswood Dr
  • Vintage Preserve @ Vintage Park
  • Chasewood Park Dr @ SH 249 Hwy

Location