brandsquarefoot

1 Riverway

One Riverway

Houston, TX 77056

  • 834 - 20,390 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerUnilev
  • Floors25
  • Height322
  • ArchitectS.I. Morris Associates
  • Walk Score®58
  • Year Built1978
  • Notable TenantsUnilev
  • Not what you're looking for?

    Go through our quick office space finder quiz to find the best spaces for your company.

  • Availability

    UnitSizePriceInquire
    Suite 1106834 sqftInquire for pricing
    Suite 10201,918 sqftInquire for pricing
    Suite 13751,959 sqftInquire for pricing
    Suite 5102,056 sqftInquire for pricing
    Suite 3502,155 sqftInquire for pricing
    Suite 6602,258 sqftInquire for pricing
    Suite 14102,441 sqftInquire for pricing
    13th Floor - Suite 13602,458 sqftInquire for pricing
    Suite 9032,520 sqftInquire for pricing
    Suite 7052,630 sqftInquire for pricing
    Suite 6502,806 sqftInquire for pricing
    Suite 3102,829 sqftInquire for pricing
    11th Floor - Suite 11302,911 sqftInquire for pricing
    13th Floor - Suite 13803,181 sqftInquire for pricing
    Suite 5253,274 sqftInquire for pricing
    Suite 19303,456 sqftInquire for pricing
    Suite 13303,633 sqftInquire for pricing
    Suite 12003,738 sqftInquire for pricing
    4th Floor - Suite 4403,919 sqftInquire for pricing
    Suite 17504,504 sqftInquire for pricing
    Suite 6454,622 sqftInquire for pricing
    16th Floor - Suite 16505,123 sqftInquire for pricing
    11th Floor - Suite5,435 sqftInquire for pricing
    Suite 5005,509 sqftInquire for pricing
    Suite 5505,515 sqftInquire for pricing
    Suite 11105,791 sqftInquire for pricing
    Suite 9056,036 sqftInquire for pricing
    Suite 8256,881 sqftInquire for pricing
    18th Floor - Suite 18507,172 sqftInquire for pricing
    Suite 20507,188 sqftInquire for pricing
    Suite 11007,297 sqftInquire for pricing
    Suite 3007,325 sqftInquire for pricing
    Suite 13507,398 sqftInquire for pricing
    11th Floor - Suite 11507,552 sqftInquire for pricing
    Suite 13007,597 sqftInquire for pricing
    Suite 3608,259 sqftInquire for pricing
    Suite 6008,545 sqftInquire for pricing
    Suite 10508,954 sqftInquire for pricing
    Suite 18009,799 sqftInquire for pricing
    Suite 155010,181 sqftInquire for pricing
    Space - Suite11,546 sqftInquire for pricing
    Suite 70013,943 sqftInquire for pricing
    5th Floor - Suite 50020,038 sqftInquire for pricing
    7th Floor - Suite 70020,390 sqftInquire for pricing

    Neighborhood

    Galleria

    Located in the Uptown District of Houston, The Galleria is an upscale, mixed-use urban development shopping center. In addition to the retail center, hotels, and health club, the Galleria is a popular location to lease office space. Galleria office space tenants include financial services firms, law firms, and energy companies, ranging from multinational corporations to local businesses.

    Galleria Office Space | Lease Data and Trends

    RentVacancyInventory
    Class A Office Space$38/sf21%18,000,000 sf
    Class B Office Space$28/sf16%5,000,000 sf
    Greater Houston$31/sf24%170,000,000 sf

     

    The West Loop – Galleria office space sub-market features nearly 25 million square feet of office space inventory. 18 million square feet of space is categorized as Class A, renting at an average of around $38 per square foot. The remaining Class B space rents at a more affordable $28 per square foot. Approximately 20 percent of office space Galleria is vacant, slightly below the Houston metro average of 25 percent. Vacancy rates have steadily climbed since 2015, leading to a decline in new construction and an increase in Houston sublease activity.

    Galleria is one of the more expensive sub-markets outside of Downtown Houston, with asking rents similar those in Katy, The Woodlands, Greenway Plaza, and Midtown. The past year has seen significant transaction activity in the area. Notable leases include Stuart Title’s 156,151 square foot sublease at 1360 Post Oak Blvd., Apache Corporation’s 524,342 renewal at Post Oak Central, and Transcontinental Gas Pipe Line’s nearly 300,000 square foot renewal at 2800 Post Oak Boulevard.

    In addition to leases and renewals, West Loop/Galleria also saw two significant sales in Q1 2018. Baupost Group LLC purchased the 1.1 million square foot Marathon Oil Tower at 5555 San Felipe for $175 million, and Griffin Partners bought three Loop Central buildings for an undisclosed amount.

    What Our Brokers Say About Galleria Office Space for Lease

    The Galleria Financial Center is occupied by many financial, legal, and energy firms, including Merrill Lynch, UBS AG, Morgan Stanley, CBRE, and Citigroup. The other two office buildings in the area are Post Oak Tower and the Galleria Tower. Additionally, the Williams Tower is connected by a walkway.

    In addition to the wealth of Class A office space, Galleria office space is in high demand because of its convenience and accessibility. It’s a short drive from Downtown, Midtown, Texas Medical Center, and Sugar Land.

    Uptown is easily accessible via the West Loop and is home to more than 2,000 businesses, representing nearly 15 percent of Houston’s total office space inventory and around 17 percent of Class A space. Uptown ranks as one of the 20 largest business districts in the United States, comparable in size to the downtown areas in Pittsburgh and Denver.

    Addition of New Tenants

    In September 2018, Simon Property Group announced a new round of Galleria tenants. These include Dubai-based Musaafer by The Spice Route Co. , Swiss watch maker Breitling, Dance With Me, Invicta, Maje, Popbar, and Sandro. The second half of 2018 saw several new tenants open shop, including Amazon Pop-Up Kiosk, Charles Tyrwhitt, Eloquii, Quay Australia, Maison Luisant, and Morphe.

    Houston Galleria History

    The Galleria consists of a retail center, as well as the Galleria Office Towers, two Westin hotels, and a private health club. The office towers and hotels are owned and managed separately from the shopping center. The mall is the seventh largest in the United States and most extensive in Texas. Current anchor tenants include Neiman Marcus, Nordstrom, Saks Fifth Avenue, and Macy’s.

    The Galleria was developed by Gerald D. Hines, and opened in 1970. The center was modeled after the Galleria Vittorio Emanuele II in Milan, and mimicked its distinctive glazed barrel vault, spanning the central axis of the mall.

    Upon opening, the mall had 600,000 ft² (56,000 m²) of retail space. Today that has expanded to 2.4 million square feet and features many high-end boutiques, such as Louis Vuitton, Gucci, Cartier, Valentino, Coach, Fendi, Chanel, Carolina Herrera, Giorgio Armani, Jimmy Choo, Bvlgari, Christofle, Tiffany & Co. Yves Saint Laurent, Burberry, and Versace. Galleria is also home to Texas’ first Tesla Motors and Prada stores.

    Similar Office Spaces

    Nearby

    SquareFoot does not represent the building. Pricing is estimated based on market averages. Information is deemed reliable but not guaranteed.