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
  • Year Built1984
  • Building ClassA
  • Vacancy %5.04%
  • Min Contiguous SF500
  • Max Contiguous SF851

Financial Details

  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$42.60
  • Max # of Occupants76
  • Typical Floor SizeContact For Info
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Black Walnut Cafe
  • The Chocolate Bar
  • Panera Bread
Restaurants
  • Olive Garden Italian Restaurant
  • Pappasito's Cantina
  • Black Walnut Cafe
Shopping Malls
  • Main Street Place
  • Sunglass Hut
  • Shops at Kirby Drive
Bars
  • Olive Garden Italian Restaurant
  • The Ginger Man
  • Little Woodrow's Rice Village
Banks
  • PrimeWay - Med Center Retail Center
  • Chase Bank
  • Comerica Bank
Transit Stations
  • Texas Medical Center Transit Center
  • Main St @ Morningside Dr
  • Main St @ Underwood Rd

Location