The Central Business District (CBD) was the most expensive market for office real estate rental in Houston, Texas as of the first quarter of 2023. The average quoted rental rate of office space was approximately 42 U.S. dollars per square feet, compared to 16.6 U.S. dollars per square feet in FM 1960. Among the major office markets in Texas, Dallas had the most inventory, while Austin had the highest rental rates.
Annual office rent per square foot in different submarkets in Houston, Texas, United States in the 1st quarter 2023
(in U.S. dollars)
Characteristic
Annual quoted rent in U.S. dollars per square foot
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Avison Young. (April 10, 2023). Annual office rent per square foot in different submarkets in Houston, Texas, United States in the 1st quarter 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1301616/houston-texas-office-square-footage-rent-by-submarket/
Avison Young. "Annual office rent per square foot in different submarkets in Houston, Texas, United States in the 1st quarter 2023 (in U.S. dollars)." Chart. April 10, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1301616/houston-texas-office-square-footage-rent-by-submarket/
Avison Young. (2023). Annual office rent per square foot in different submarkets in Houston, Texas, United States in the 1st quarter 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1301616/houston-texas-office-square-footage-rent-by-submarket/
Avison Young. "Annual Office Rent per Square Foot in Different Submarkets in Houston, Texas, United States in The 1st Quarter 2023 (in U.S. Dollars)." Statista, Statista Inc., 10 Apr 2023, https://www.statista.com/statistics/1301616/houston-texas-office-square-footage-rent-by-submarket/
Avison Young, Annual office rent per square foot in different submarkets in Houston, Texas, United States in the 1st quarter 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/1301616/houston-texas-office-square-footage-rent-by-submarket/ (last visited July 22, 2024)
Annual office rent per square foot in different submarkets in Houston, Texas, United States in the 1st quarter 2023 (in U.S. dollars) [Graph], Avison Young, April 10, 2023. [Online]. Available: https://www.statista.com/statistics/1301616/houston-texas-office-square-footage-rent-by-submarket/