Click here to start your search.

BuildingSearch.com lists many Houston office space listings. Thousands of available office space Houston listings, plus industrial, retail, and mixed-use developments are tracked on BuildingSearch.com. Be sure to include the various Houston office space categories, including Office/Retail and Office/R&D while conducting your search for Houston office space listings.

Houston is the nation’s fifth largest office market, with 180.76 million square feet of net rentable area. Houston office space remains a bargain in contrast with other metropolitan areas. Many Houston office space for lease and Houston office space for sale listings are tracked on BuildingSearch.com

Houston’s office space market posted significant rental rate growth for all major submarkets at the start of 2007. In keeping with the increase in market demand for office space in Houston, developers have continued to bring new product to market. At the end of the first quarter, there was 4.3 million square feet of Houston office space under construction in 18 different submarkets, including a 253,000-square foot project in the CBD. Many factors contributed to this surge, but primary among them was rapid job growth in the energy and engineering sectors fed by continuing high energy prices that increased the need for office space in Houston.

The far west markets remain the most desirable and the tightest in the city, although absorption has slowed somewhat because of lack of product. But the West Loop market is now enjoying the fastest occupancy growth of any suburban markets, and is rapidly tightening. After stabilizing in 2005, the downtown Houston office space market is on fire. Leasing for the quarter was boosted by the 1.2 million square foot Chevron lease in Enron’s former headquarters building, said to be the largest single office lease in North America in the last six years.

The pace of employment growth in Houston has been slowing, according to the latest estimates from the Texas Workforce Commission. Year-over-year job growth peaked in June of 2007 at 4.8 percent, and has now been below 4 percent for four consecutive months. Despite the slowdown, the Houston economy is bucking the national trend, as energy continues to drive demand for Houston office space. In the 12 months ending February 2008, the region added more jobs than any other U.S. metro area, increasing Houston office space.

Despite slowdowns in other cities, the Greater Houston office space market ended the first quarter of 2008 strong in occupancy and leasing, with rents inching upward. Market experts predict conditions will stay the course for the rest of this year. There are 7.6 million square feet under construction in the market, which now has 162.6 million square feet. Class A rents are averaging $28.89 per sf while Class B is $19.44 per sf. Expand, open or relocate your business with Houston office space.