The building was constructed in 1984 and is 207,534 sf on 1.34 acres. The property has an 88% occupancy rate and leases for an advertised rate of $21 per sf.
The Uptown Galleria submarket has approximately 28 million sf with a current vacancy rate of 16%. Class A office space in the Galleria leases for a reported $23.19 per sf and class B leases for a reported $18.58 per sf.
The total Houston office market has approximately 147 million sf with a current vacancy rate of 13.4%. Citywide, the class A lease rate averages $24.66 per sf, and a class B lease rates average $17.81 per sf.
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