Northwest Houston is a lively, affordable neighborhood located just outside the Inner Loop in Harris County in Houston, Texas. The 16-square mile area is also sometimes called Near Northwest. It is located within Harris County, Texas.
According to census information from 2020, Houston has the highest population of all Texas cities and is the fourth-most populous city in the country. It is also the largest city in the United States in terms of square mileage.
Northwest Houston Office Space – Lease Data & Trends
Northwest Houston contains a total of 6.1 million square feet of total commercial office space inventory, and 25% of it is available to rent. On average, office space seekers in Northwest can expect to pay just under $21.50 per square foot to rent office space. As of Q1 of 2021, 2.2 million square feet of Northwest Houston’s office space was considered Class A and rented for an average of $24.60 per square foot. The vacancy rate for these spaces was very high at 34%. Northwest Houston also has 3.9 million square feet of office space that leases for an average of $18.85 per square foot. About 20% of the Class B space is vacant.
In Houston, total vacancy has been increasing for the past five quarters. In Q1 of 2021, vacancy increased to 26.2% overall. Many tenants have been putting off making big leasing decisions. Subleasing space increased for the third quarter in a row in Q1. In mid-2021, the office sector began to experience an increase in inquiries and tours after COVID-related business capacity restrictions were lifted.
What Our Brokers Say about Northwest Houston Office Space
Northwest Houston is bounded by Waller to the west, Magnolia to the north, and Interstate 45 to the east. It stretches as far northwest as the intersection of State highway 290 and Loop 610. Residents and visitors can use State Highway 259, Sam Houston Tollway, FM 2920, and FM 1960 to get around. Lots of construction is underway at the 290/610 intersection, so expect to see new office buildings for lease soon. About 75 office buildings in this submarket are 70,000 square feet or larger.
Major employers leasing offices in Northwest Houston include Hewlett Packard, Tomball Regional Medical Center, Lonestar College, and Methodist Willowbrook Hospital. Northwest Houston is located in Harris County, where some of the most important employers are Administaff, Compaq, Continental Airlines, Memorial Hermann Healthcare System, and Southwestern Bell. Academy Sports and Outdoors, Smith International, and BJ Services Company also have office presences in Harris County.
Top Commercial Buildings in Northwest Houston
As you look through the cream of the office space crop in Northwest Houston, our brokers recommend checking the following excellent buildings for vacancies:
- 5600 Northwest Central Drive: 5600 Northwest Central Drive is a two-story commercial building located one block north of US 290. It’s a quiet area, but tenants can use the nearby highway to get to all kinds of amenities. There is also a metro bus stop at the corner of Tidwell Road and Northwest Central Drive. The building was renovated in 2010. 5600 Northwest Central Drive offers a wide variety of suites ranging from 143 to 5,209 square feet in size. The building has a large number of vacancies at the moment, too. Contact SquareFoot for pricing, details and touring options.
- 13831 Northwest Freeway: 13831 Northwest Freeway is a Class B general office building located in Northwest Houston. Built in 1983, it is six floors high, and the property spans 151,831 square feet. Nagesh & Carter CPAs has leased space in this building since 2016. The building currently has a large number of vacancies. Rent a space here ranging from 204 to 14,627 square feet in size. Contact us to see the property or to ask questions.
- 13201 Northwest Freeway: The Wells Fargo Building, located at 13201 Northwest Freeway, is a corporate building center that was constructed in 1979. It is located just off of Highway 290 and Beltway 8. The Wells Fargo Building offers on-site property maintenance, management and leasing, plenty of parking, security patrol, and a huge atrium lobby. Contact us to find out more about the many vacancies in this building ranging from 100 to 18,713 square feet in size.
Get to Know Northwest Houston
Northwest Houston isn’t all business. Shoppers will find delightful options in Traders Village and throughout the I-45 area. Washington Avenue provides a collection of bars and clubs to explore. Northwest Houston is also the home of Memorial Park, one of the largest urban parks in the nation.
Why rent office space in Northwest Houston?
Northwest Houston lies about 25 minutes (by car) from Downtown Houston. The direct average asking rent for office spaces across all classes in Downtown Houston is $40.25/sqft, while it’s just $21.45/sqft in Houston. Cutting down on rental prices won’t require you to make sacrifices when it comes to amenities, though. Northwest Houston is a multi-faceted area with plenty to offer. Many other businesses agree; technology, healthcare, education, hospitality, and entertainment are all well-represented here.
Nearby neighborhoods to set up office space
If you like what you see in Northwest Houston but aren’t totally sold on renting office space here, maybe you’d like to consider some nearby neighborhoods and cities also located in Harris County.
Spring: Spring, Texas, is a census-designated place that offers a variety of office space, including flex space, coworking opportunities and retail property. Office space rents for an average of $31 per square foot across all classes. This city offers more Class A office space than Class B.
Cypress: Cypress, Texas, is an unincorporated, family-friendly community located next to the U.S. Highway 290 (Northwest Freeway). The area used to be rural but changed in the ‘80s with the addition of a large number of residential and commercial projects. Sysco purchased a building here a few decades ago to use as a shared services facility for its distribution centers. The George Bush Intercontinental Airport is a short drive from here.
Bellaire: Bellaire is a city in Harris County. Known as the “City of Homes,” it is a mostly residential area but has some office buildings located on the 610 Loop. South Texas Dental and AT&T Inc. have their headquarters here, and Frost Bank has its Houston-area offices in Bellaire.
If you would like more information on Northwest Houston or Houston office space, contact us. We can help you explore your options, conduct your search, and find the right office space for your business.