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.

$42.60

Building Information

  • Building ParkContact For Info
  • Market NameHouston
  • Rentable Building Area194994
  • Submarket NameSouth Main/Medical Center

Financial Details

  • Year BuiltContact For Info
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$42.60
  • Max # of Occupants109
  • Building ClassA
  • Typical Floor SizeContact For Info
  • Vacancy %5.04%
  • Min Contiguous SF500
  • Max Contiguous SF984
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Black Walnut Cafe
  • Panera Bread
  • Starbucks
Restaurants
  • Olive Garden Italian Restaurant
  • Pappasito's Cantina
  • Pappadeaux Seafood Kitchen
Shopping Malls
  • Main Street Place
  • Shops at Kirby Drive
  • Holly Knight II
Bars
  • Olive Garden Italian Restaurant
  • D'Amico's Italian Market Cafe
  • Candelari's Pizzeria
Banks
  • PrimeWay Federal Credit Union
  • Chase Bank
  • PrimeWay Federal Credit Union
Transit Stations
  • Texas Medical Center Transit Center
  • Knight Rd @ El Paseo St
  • Old Spanish Trail St @ Greenbriar D

Location