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 Area135000
  • Submarket NameContact For Info

Financial Details

  • Year Built1984
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$42.60
  • Max # of Occupants76
  • Building ClassA
  • Typical Floor SizeContact For Info
  • Vacancy %5.04%
  • Min Contiguous SF500
  • Max Contiguous SF851
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
Restaurants
Shopping Malls
  • Main Street Place
  • Sunglass Hut
  • Shops At 3 Corners
Bars
Banks
  • PrimeWay Federal Credit Union
  • Chase Bank
  • PrimeWay Federal Credit Union
Transit Stations
  • Texas Medical Center Transit Center
  • Main St @ Morningside Dr
  • Main St @ Underwood Rd

Location