Follow Cresa Houston

Cresa Houston
1990 Post Oak Blvd
Suite 770
Houston, TX 77056
713.402.5800 tel
Email
Map/Directions

Contacts

André Granello, CCIM, SIOR
Managing Principal
Email
713.402.5808 tel

Houston




Conflict-Free
 

Cresa's fiduciary responsibility is to one party only — the tenant. This singular relationship avoids inherent conflicts of interest in the marketplace.

Creating Leverage
 

We use our expertise, market insight, and years of experience to give you leverage with your landlord.

Strategic Approach
 

We apply strategic solutions that reduce costs, improve operations, and enhance the performance of your workforce.

  • Houston Office Market

    Overall Market | 2Q'16

    Supply
    272,712,405 SF
    Vacancy
    12.6%
    Absorption
    79,165 SF
    Avg. Lease Rate
    $298.84/gross
  • Houston Office Market

    CBD Submarket | 2Q'16

    Supply
    47,942,394 SF
    Vacancy
    11.6%
    Absorption
    17,860
    Avg. Lease Rate
    $41.28/gross
  • Houston Office Market

    Galleria/West Loop Submarket | 2Q'16

    Supply
    23,108,902 SF
    Vacancy
    12.0%
    Absorption
    (73,325) SF
    Avg. Lease Rate
    $35.72/gross
  • Houston Office Market

    Katy Fwy Submarket | 2Q'16

    Supply
    36,064,481 SF
    Vacancy
    12.0%
    Absorption
    (86,435) SF
    Avg. Lease Rate
    $30.91/gross
  • Houston Office Market

    Westchase Submarket | 2Q'16

    Supply
    17,835,986 SF
    Vacancy
    11.0%
    Absorption
    (116,348) SF
    Avg. Lease Rate
    $31.63/gross
  • Houston Industrial Market

    Overall Houston Market | 2Q'16

    Supply
    515,954,719 SF
    Vacancy
    5.1%
    Absorption
    (307,107) SF
    Avg. Lease Rate
    $6.72/nnn
  • Houston Industrial Market

    North Corridor Submarket | 2Q'16

    Supply
    87,951,824 SF
    Vacancy
    9.0%
    Absorption
    (128,679) SF
    Avg. Lease Rate
    $7.59/nnn
  • Houston Industrial Market

    Southeast Corridor Submarket | 2Q'16

    Supply
    87,348,974 SF
    Vacancy
    4.4%
    Absorption
    500,475 SF
    Avg. Lease Rate
    $6.57/nnn
  • Houston Industrial Market

    Southwest Corridor Submarket | 4Q'15

    Supply
    53,846,155 SF
    Vacancy
    3.5%
    Absorption
    540,945 SF
    Avg. Lease Rate
    $6.80/nnn

Market Insights

People

Rollie Andre Vice President 713.402.5815
Michael Cropper Principal, Project Management 713.402.5804
Dustin Cruz Senior Advisor 713.993.7029
Neil Elliott Advisor 713.402.5807
Sandy Fishlock, JD, CCIM Senior Vice President
Isabel Galvan Accounting Manager 713.491.6340
Michelle R. Goynes Marketing Associate, Project Management 713.402.5806
André Granello, CCIM, SIOR Managing Principal 713.402.5808
Steven Heal, SIOR Principal 713.402.5802
Christina Kurt Advisor 713.402.5811
Gary Lawless, Jr. Vice President 713.491.6307
Jennifer Lopez Operations Manager 713.402.5817
Ray Lopez, CCIM Vice President 713.491.6350
Grant Mehlhoff Marketing Manager 713.402.5819
David Price Principal 713.402.5805
Sue Rogers, SIOR Principal 713.402.5809
Kyle Willard Advisor 713.402.5803

News

Success Stories

Client Location Sq. Footage
Cemex Houston, Texas  45,000 
Envoy Mortgage, Ltd. Houston, Texas  31,000 
Just Energy Houston, Texas  46,417 
Key Energy Services Houston, Texas   
NDT Systems & Services Houston, Texas  58,920 
NetIQ Houston, Texas  55,380 
Precision Drilling Houston, Texas  74,125 

Subleases & Sales

Property Available Space Rental Rate
Sublease: HOUSTON: 515 Post Oak Blvd.
HOUSTON: 515 Post Oak Blvd.
Houston, TX 77027
18,463 SF Negotiable
Sublease: HOUSTON: 700 Milam
700 Milam
Houston, TX 77002
119,032 SF Negotiable
Sale: HOUSTON: 711 West Alabama St.
711 W. ALABAMA ST. | FOR SALE OR LEASE
Houston, TX 77006
4,813 SF - Two Stories $24.00/SF FSG + Electric
Sublease: HOUSTON: 840 W. Sam Houston Parkway N.
840 W. Sam Houston Parkway N.
Houston, TX 77024
~3,000-19,130 SF +/- (Flexible) Negotiable
Sublease: HOUSTON: 1221-1331 Lamar St.
1221 Lamar Street
Houston, TX 77010
4,713 SF; 15th Floor $17.50/SF Net (Start Rate)
Sublease: HOUSTON: 1300 Post Oak Blvd. 5th Floor
1300 Post Oak Blvd.
Houston, TX 77056
5,286 SF $15.00 NNN
Sublease: HOUSTON: 2700 Post Oak Blvd. 10th Floor
2700 Post Oak Blvd.
Houston, TX 77056
2,231 SF or 8,587 SF Negotiable
Sale: HOUSTON: 4828 N. Shepherd | LAND FOR SALE
4828 N. Shepherd
Houston, TX 77018
9.11 Acres Call for pricing
Sublease: HOUSTON: 6650 W. Sam Houston Parkway N. - Bldg A
6650 W. Sam Houston Parkway N. - Bldg A
Houston, TX 77041
5,065 SF Negotiable,NNN; OPEX $0.43/SF
Sublease: BRYAN, TX: 7575 North Hwy 6 | INDUSTRIAL SUBLEASE
7575 North Highway 6
Bryan, TX 77807
12,875 SF | ~7 Acres Negotiable
Sublease: HOUSTON: 9301 Southwest Freeway | OFFICE FOR SUBLEASE
9301 Southwest Freeway
Houston, TX 77074
4,644 SF $15.00/SF FS
Sublease: HOUSTON: 10010 W Sam Houston Pkwy
10010 W Sam Houston Pkwy
Houston, TX 77099
5,200 RSF (includes HVAC Warehouse) $12.00 FSG net Electric
Sale: HOUSTON: 10750 Hammerly | FOR SALE OR LEASE
10750 Hammerly
Houston, TX 77043
2 Stories; 37,680 SF Contact Broker
Sale: HOUSTON: 11715 Boudreaux Rd | LAND FOR SALE
11715 Boudreaux Rd
Tomball, TX 77375
9.6079 Acres $2,000,000 ($4.78/SF)
Sublease: Houston: 16340 Park Ten Blvd.
16340 Park Ten Blvd
Houston, TX 77084
5,256 RSF $12.00 Full Service Gross
Sale: MISSOURI CITY, TX: Mixed-Use HQ FOR SALE
13927 S Gessner Rd
Houston, TX 77489
87,720 SF / 18.31 Acres N/A
Sublease: HOUSTON: ~1.0 Acre Westchase | BUILD-TO-SUIT
Westpark Dr. & Westcenter Dr.
Houston, TX 77042
Building Size: 10,000 - 30,000 SF; Parcel Size: ~1.0 Acre

Market Information

The Houston ten-county, 10,062-square-mile MSA is one of the healthiest major MSAs in the county, historically outperforming the top ten MSAs in population growth, job growth, GDP growth, and cost of living. A recent report by the Brookings Institution found that Houston has the fastest growing metropolitan economy in North America.

The vast majority of the world’s leading energy firms are headquartered or maintain major corporate offices in Houston, the U.S. energy headquarters and a world center for virtually every segment of the petroleum industry. Boasting an economic base employment 50% anchored in energy, Houston’s economy is still widely diversified with other major sectors including Healthcare; Trade (the Port of Houston); Petrochemicals; Biotechnology; Education; and Manufacturing.

Houston highlights include:
 

  • One of the least expensive major United States cities in which to live and conduct business, with no state or city income taxes and no state property tax
  • Ranked third in the number of resident Fortune 500 companies
  • A history of cooperation between the public and private sectors and business-friendly policies
  • One of the nation’s top ten largest office markets with over 285 million square feet of net rentable area
  • Office rents among the lowest of major metropolitan United States cities
  • A strong international presence as nearly 3,000 firms, foreign government offices, and nonprofit organizations report business dealings abroad
  • Ranks in the top ten cities in terms of available function space in the United States, with more than 2.5 million square feet of convention facilities
  • Poised to experience steady population growth – predicted to increase by approximately 3.44 million people between 2005 and 2040, according to Woods & Poole Economics

Below are resources to help you learn more about Houston:
 

General Houston Links

Management Districts

Government

Market Reports

2016 Market Reports

First Quarter
Houston Office Report

2015 Market Reports
Fourth Quarter

Houston Office Report

Third Quarter
Houston Office Report

Second Quarter 
Houston Office Report

First Quarter 
Houston Office Report

Awards & Recognitions

2015


"Best Places to Work 2015" 
Houston Business Journal

The Best Places to Work program ranks employee opinion surveys in 40 U.S. cities. These surveys evaluate various aspects of employee life, including workplace environment, leadership direction, culture, and management practices.
 

2014

   
"Landmark Award: Headquarters Move" 
Houston Business Journal

The Landmark Awards recognize impactful real estate projects that make a significant impression on the Houston landscape and improve the look, feel and image of the city.
 

"Best Places to Work 2014" 
Houston Business Journal

The Best Places to Work program ranks employee opinion surveys in 40 U.S. cities. These surveys evaluate various aspects of employee life, including workplace environment, leadership direction, culture, and management practices.
 
 
"Houston's Best & Brightest Companies to Work For"
101 Best & Brightest

Cresa Houston was honored as one of the 101 Best & Brightest Companies to Work For by demonstrating a strong commitment to excellence in employee enrichment.
 

2013

   
"Power Broker Award"

CoStar

CoStar tallies all commercial real estate transactions and presents the Power Broker Award to the firms who achieved the highest volume of sales and leases in over 90 markets across the U.S. and Toronto, Canada.