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 Area140000
  • Submarket NameContact For Info

Financial Details

  • Year Built1997
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$29.64
  • Max # of Occupants60
  • Building ClassB
  • Typical Floor SizeContact For Info
  • Vacancy %3.86%
  • Min Contiguous SF500
  • Max Contiguous SF2699
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Pinewood Cafe
  • Starbucks
  • Starbucks
Restaurants
  • Hotel ZaZa Museum District
  • Pizza Hut
  • Chipotle Mexican Grill
Shopping Malls
  • The Trail Shopping Plaza
  • Holly Knight II
Bars
  • Lucille's
  • Bodegas Taco Shop
  • Southwell's Hamburger Grill
Banks
  • Chase Bank
  • PrimeWay Federal Credit Union
  • PrimeWay Federal Credit Union
Transit Stations
  • Texas Medical Center Transit Center
  • Holcombe Blvd @ Ringness Ave
  • Holcombe Blvd @ Almeda Rd

Location