Texas Medical Center

Named for the Texas Medical Center, this submarket is a roughly triangular-shaped area south and slightly west of Houston CBD. Containing over sixty medical institutions, it is the largest medical complex in the world. This submarket also has Houston landmarks such as Rice University, the Houston Zoo, and NRG Stadium. Within the Texas Medical Center submarket, there are approximately 232 commercial office buildings, with a total of 13,260,676 SF of net rentable office space. The current commercial office real estate vacancy is very low – around 4%. The average quoted annual office leasing rates hover around $28.00 per SF foot. This submarket continues to grow at a steady pace, partially due to the increasing need for medical office space. In recent years, medical office building development has played a big role in this submarket’s growth. Also, the area around the Texas Medical Center is one of the most sought-after Houston submarkets for acquiring hotels.

$29.64

Building Information

  • Building ParkContact For Info
  • Market NameHouston
  • Rentable Building Area69300
  • Submarket NameContact For Info

Financial Details

  • Year Built1980
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$29.64
  • Max # of Occupants30
  • Building ClassB
  • Typical Floor SizeContact For Info
  • Vacancy %3.86%
  • Min Contiguous SF500
  • Max Contiguous SF534
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Starbucks
  • Starbucks
  • McDonald's
Restaurants
  • Pappasito's Cantina
  • Olive Garden Italian Restaurant
  • Pappadeaux Seafood Kitchen
Shopping Malls
  • Main Street Place
  • Shops at Kirby Drive
  • Stella Link Shopping Center
Bars
  • Olive Garden Italian Restaurant
  • Red River Ice House
  • Libra Lounge
Banks
  • Capital One Bank
  • Wells Fargo Bank
  • Chase Bank
Transit Stations
  • Main St @ Loop
  • Main St @ Buffalo Speedway
  • W Bellfort Ave @ Buffalo Speedway

Location