Apr 13, 2015
PMRG: Houston office by submarket 1Q 2015
HOUSTON - PM Realty Group (PMRG) has released its Office Market Report for first quarter 2015. The chart below shows real estate statistics of the top seven submarkets ranked by...
HOUSTON – PM Realty Group (PMRG) has released its Office Market Report for first quarter 2015. The chart below shows real estate statistics of the top seven submarkets ranked by inventory.
| Submarket | Total Inventory SF | Direct Occupancy | SF Under Construction | Asking Rent | |
| Class A | Class B | ||||
| Central Business District | 37,024,505 | 89.8% | 1,056,658 | $41.96 | $28.23 |
| Katy Freeway | 28,487,173 | 89.2% | 1,104,593 | $35.65 | $23.41 |
| Galleria / Uptown | 22,768,124 | 90.7% | 1,237,021 | $35.25 | $26.76 |
| Westchase | 14,656,498 | 85.5% | 445,000 | $38.41 | $20.14 |
| Greenspoint/ IAH / N Belt | 12,546,974 | 74.3% | 68,950 | $30.18 | $16.51 |
| Northwest Freeway / N Loop West | 12,039,654 | 81.1% | 160,633 | $26.61 | $19.09 |
| Greenway Plaza | 10,247,446 | 88.9% | 833,275 | $34.75 | $22.47 |
| Total* | 211,890,302 | 86.9% | 11,087,900 | $34.22 | $21.41 |
*includes submarkets not included in chart
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