FM 1960/Hwy 249

The FM 1960/Hwy 249 area covers a total of 8,545,000 rentable square feet, distributed among approximately 400 office buildings. The submarket’s vacancy rate has steadily remained at 10%, which makes it a solid choice for office building investors. Posted rents are averaging at $24.00 per square foot and are projected to increase in the next few years. This portion of FM 1960 is situated northwest of Houston between Cypress and Jersey Village and known for having a thriving industrial market and retail presence.

Given its proximity to the Energy Corridor, this submarket has a number of tenants who are predominantly in the energy space. However, there is an array of tenants from a variety of industries, including medical offices. According to the area’s demographics, the average household income in this area is in excess of $87,000 in a one-mile radius and averages over $84,000 within a five-mile radius.

$34.81

$25.98

Building Information

  • Building ParkContact For Info
  • Market NameHouston
  • Rentable Building Area62002
  • Submarket NameContact For Info

Financial Details

  • Year Built1983
  • IncentivesFree Rent, Improvement Allowance, Building Signage Available
  • Average Asking $/SF$25.98
  • Max # of Occupants89
  • Building ClassB
  • Typical Floor SizeContact For Info
  • Vacancy %12.89%
  • Min Contiguous SF500
  • Max Contiguous SF3996
  • Min Term (# of months)12
  • Max Term (# of months)60

What's Nearby?

Coffee Shops
  • Starbucks
  • la Madeleine French Bakery & Cafe Crossroads
  • Panera Bread
Restaurants
  • Marco's Pizza
  • Jason's Deli
  • Zaxby's Chicken Fingers & Buffalo Wings
Shopping Malls
  • Windermere Village Shopping Center
  • Steepleway Shopping Center
  • Linh Dao Plaza
Bars
  • Willie's Grill & Icehouse
  • On the Rox
  • Headliners Sports Bar
Banks
  • Amegy Bank
  • Bank of America (with Drive-thru ATM)
  • Wells Fargo Bank
Transit Stations
  • Northwest Station P&R
  • Hwy 290 & Hwy 6

Location