Galleria Area

The Galleria is Houston’s second largest office submarket and has one of Houston’s most diverse tenant base. It is also one of Houston’s most coveted office submarkets. In general, the Galleria defies real estate trends. Asking rents have increased while vacancy and sublease space have decreased. Along with the CBD, The Woodlands, and Greenway, it is one of several submarkets with typically lower than the average vacancy rates. The Galleria is attractive for several reasons. The submarket has a good deal of amenities and is ideally located along the West Loop. It has approximately 64 commercial office buildings, with a total of 16,834,469 SF of net rentable office space. An employment-centric submarket in central Houston, the Galleria has consistently low vacancy rates. Current vacancy is the Galleria/Uptown office real estate market is approximately 16%. The average quoted commercial office leasing rates are hovering around $37.00 per SF, per year.

$31.02

Building Information

  • Building ParkContact For Info
  • Market NameHouston
  • Rentable Building Area80198
  • Submarket NameContact For Info

Financial Details

  • Year Built1975
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$31.02
  • Max # of Occupants106
  • Building ClassB
  • Typical Floor SizeContact For Info
  • Vacancy %11.85%
  • Min Contiguous SF500
  • Max Contiguous SF3167
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Argentina Cafe
  • Panera Bread
  • Mariposa
Restaurants
  • Maggiano's Little Italy
  • Chama Gaúcha Brazilian Steakhouse
  • Treasures Houston
Shopping Malls
  • The Galleria
  • Sunglass Hut at Macy's
  • Sage Plaza Shopping Center
Bars
  • Maggiano's Little Italy
  • Chama Gaúcha Brazilian Steakhouse
  • Treasures Houston
Banks
  • Power Finance Texas
  • IBC Bank
  • Bank of America Financial Center
Transit Stations
  • Sage Rd @ Rice Ave
  • Rice Ave @ Westpark Dr
  • Sage Rd @ Richmond Ave

Location