600,000-SF office downtown dubbed 6 Houston Center

HOUSTON -  A 30-story, 600,000-sf Class AA office tower, dubbed 6 Houston Center, will be built in downtown Houston. The $250 million building will be bounded by Rusk, Caroline, Walker and San Jacinto streets on Block 95.

Crescent Real Estate Holdings LLC expects to secure building permits and select a general contractor in March with a groundbreaking by mid-summer 2014. Annual rents are expected to range between $34 and $37 per sf.

Plans for the precertified LEED Gold building include ten- and 12-foot ceilings, a rooftop garden, fitness and conference centers as well as a 15-foot glass skybridge connecting the building to 1 Houston Center.

Houston’s Class AA occupancy rate is at around 96 percent, and experts say supply is struggling to keep up with demand.

The Houston market closed 2013 with 4.9 million sf of positive absorption, the most since 2006, and the second highest absorption totals the market has seen since 1997, according to CBRE research.

Read more at the Houston Business Journal. Check out all Houston office sources under Houston Market Data Sources.