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Market Overview
Office space for sale in Houston is currently averaging 33,924 SF, a figure that has held well above the Texas state average throughout 2026, where listings averaged between roughly 15,000 and 18,000 square feet across the same period.
- The average cap rate on Houston office space for sale is currently 7.12%. Across the first three quarters of 2026, Houston's average cap rate moved in the opposite direction from the state, edging down from 7.11% in Q1 2026 to 7.03% by Q3 2026, while the Texas average rose from 6.94% to 7.16% over the same period.
- Average asking price per square foot in Houston held relatively flat across Q1 through Q3 2026, moving from $301 in Q1 to $288 in Q3, a gradual and steady decline that closely mirrored the state trend, where pricing fell from $308 to $305 over the same months. The current average is $287 per square foot.
- Houston's active office for sale listings stood at 516 currently. Across the historic period, inventory edged down from 531 listings in Q1 2026 to 508 in Q3 2026, while statewide inventory grew from 3,259 to 3,482 listings over the same stretch, pointing to a modest tightening in Houston relative to the broader Texas market.
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