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.

$20.11

Building Information

  • Building ParkContact For Info
  • Market NameHouston
  • Rentable Building Area198612
  • Submarket NameSouth Main/Medical Center

Financial Details

  • Year BuiltContact For Info
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$20.11
  • Max # of Occupants70
  • Building ClassC
  • Typical Floor SizeContact For Info
  • Vacancy %3.16%
  • Min Contiguous SF500
  • Max Contiguous SF571
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Black Walnut Cafe
  • The Chocolate Bar
  • Panera Bread
Restaurants
  • Hotel ZaZa Museum District
  • Benjy's
  • Olive Garden Italian Restaurant
Shopping Malls
  • Main Street Place
  • Sunglass Hut
  • Shops at Kirby Drive
Bars
  • Benjy's
  • Olive Garden Italian Restaurant
  • The Ginger Man
Banks
  • Chase Bank
  • Comerica Bank
  • Capital One Bank
Transit Stations
  • Texas Medical Center Transit Center
  • Main St @ Holcombe Blvd
  • Pressler St @ Main St

Location