FM 1960/Hwy 249

The FM 1960/Hwy 249 area covers a total of 8,545,000 rentable square feet, distributed among approximately 400 office buildings. The submarket’s vacancy rate has steadily remained at 10%, which makes it a solid choice for office building investors. Posted rents are averaging at $24.00 per square foot and are projected to increase in the next few years. This portion of FM 1960 is situated northwest of Houston between Cypress and Jersey Village and known for having a thriving industrial market and retail presence.

Given its proximity to the Energy Corridor, this submarket has a number of tenants who are predominantly in the energy space. However, there is an array of tenants from a variety of industries, including medical offices. According to the area’s demographics, the average household income in this area is in excess of $87,000 in a one-mile radius and averages over $84,000 within a five-mile radius.

$34.81

$34.81

Building Information

  • Building ParkContact For Info
  • Market NameHouston
  • Rentable Building Area497447
  • Submarket NameContact For Info

Financial Details

  • Year Built1998
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$34.81
  • Max # of Occupants545
  • Building ClassA
  • Typical Floor SizeContact For Info
  • Vacancy %9.87%
  • Min Contiguous SF500
  • Max Contiguous SF4908
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Starbucks
  • Pandan Leaf
  • Shipley Do-Nuts
Restaurants
  • Peli Peli South African Kitchen - Vintage Park
  • Perry's Steakhouse & Grille
  • Mia Bella Trattoria
Shopping Malls
  • Vintage Park
  • Tomball Crossing
  • Spring Cypress Village
Bars
  • Perry's Steakhouse & Grille
  • Mia Bella Trattoria
  • BRIX Wine Cellars
Banks
  • Wells Fargo Bank
  • Comerica Bank
  • Bank of America (with Drive-thru ATM)
Transit Stations
  • Tomball Pkwy @ Lsc University Prk 1
  • Lsc University Park 2
  • Tomball Pkwy @ Vintage Preserve Pky

Location