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2700 Post Oak Boulevard

Galleria Tower I

Houston, TX 77056

  • 606 - 22,106 sqft
  • inquire for pricing

Building Details

  • Floors25
  • Height333
  • Walk Score®86
  • Year Built1974
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  • Availability

    UnitSizePriceInquire
    Suite 697606 sqftInquire for pricing
    697W Suite606 sqftInquire for pricing
    Suite 990626 sqftInquire for pricing
    11th Floor - Suite 1175687 sqftInquire for pricing
    Suite 11901,211 sqftInquire for pricing
    1190W Suite1,211 sqftInquire for pricing
    Suite 11751,598 sqftInquire for pricing
    Suite 14301,956 sqftInquire for pricing
    Suite 14991,970 sqftInquire for pricing
    Suite 9802,187 sqftInquire for pricing
    Suite 14402,194 sqftInquire for pricing
    670W Suite2,321 sqftInquire for pricing
    Suite 6702,321 sqftInquire for pricing
    14th Floor - Suite 14302,348 sqftInquire for pricing
    Suite 14202,364 sqftInquire for pricing
    Suite 11152,445 sqftInquire for pricing
    Suite 3502,575 sqftInquire for pricing
    Suite 18502,690 sqftInquire for pricing
    Suite 12752,965 sqftInquire for pricing
    Suite 19303,035 sqftInquire for pricing
    Suite 19253,035 sqftInquire for pricing
    920E Suite3,065 sqftInquire for pricing
    Suite 9603,092 sqftInquire for pricing
    1180W Suite3,113 sqftInquire for pricing
    Suite 11803,113 sqftInquire for pricing
    Suite 12203,361 sqftInquire for pricing
    12th Floor - Suite 12203,361 sqftInquire for pricing
    Suite 17753,389 sqftInquire for pricing
    17th Floor - Suite 17753,389 sqftInquire for pricing
    Suite 13503,603 sqftInquire for pricing
    Suite 4753,757 sqftInquire for pricing
    Suite 10503,770 sqftInquire for pricing
    Suite 11503,787 sqftInquire for pricing
    Suite 19503,904 sqftInquire for pricing
    14th Floor - Suite 14254,100 sqftInquire for pricing
    Suite 14254,100 sqftInquire for pricing
    Suite 16254,193 sqftInquire for pricing
    Suite 13004,204 sqftInquire for pricing
    2nd Floor - Suite 2254,255 sqftInquire for pricing
    Suite 2254,255 sqftInquire for pricing
    Suite 9754,271 sqftInquire for pricing
    1133E Suite4,299 sqftInquire for pricing
    Suite 7504,544 sqftInquire for pricing
    750W Suite4,544 sqftInquire for pricing
    Suite 3504,578 sqftInquire for pricing
    Suite 24755,063 sqftInquire for pricing
    4th Floor - Suite 4005,261 sqftInquire for pricing
    Suite 9505,338 sqftInquire for pricing
    6th Floor - Suite 6255,448 sqftInquire for pricing
    Suite 6255,448 sqftInquire for pricing
    950E Suite5,542 sqftInquire for pricing
    600E Suite5,741 sqftInquire for pricing
    Suite 3756,105 sqftInquire for pricing
    350A Suite6,105 sqftInquire for pricing
    23rd Floor - Suite 23506,389 sqftInquire for pricing
    Suite 12706,508 sqftInquire for pricing
    1100E Suite6,756 sqftInquire for pricing
    Suite 10306,831 sqftInquire for pricing
    Suite 14007,246 sqftInquire for pricing
    Suite 2507,289 sqftInquire for pricing
    2nd Floor - Suite 2507,289 sqftInquire for pricing
    Suite 24258,282 sqftInquire for pricing
    17th Floor - Suite 17008,308 sqftInquire for pricing
    Suite 17508,385 sqftInquire for pricing
    800E Suite8,764 sqftInquire for pricing
    24th Floor - Suite 24508,860 sqftInquire for pricing
    10th Floor - Suite 10309,010 sqftInquire for pricing
    14th Floor - Suite 14009,440 sqftInquire for pricing
    10th Floor - Suite 100010,187 sqftInquire for pricing
    Suite 61010,709 sqftInquire for pricing
    13th Floor - Suite 130011,482 sqftInquire for pricing
    24th Floor - Suite 240011,523 sqftInquire for pricing
    6th Floor - Suite 60011,659 sqftInquire for pricing
    23rd Floor - Suite 230014,174 sqftInquire for pricing
    Suite 60016,043 sqftInquire for pricing
    Suite 50016,044 sqftInquire for pricing
    Suite 70016,113 sqftInquire for pricing
    22nd Floor - Suite 220019,466 sqftInquire for pricing
    Suite 220019,466 sqftInquire for pricing
    7th Floor - Suite 70019,642 sqftInquire for pricing
    Suite 80019,968 sqftInquire for pricing
    8th Floor - Suite 80019,968 sqftInquire for pricing
    Suite 230020,141 sqftInquire for pricing
    Suite 150020,250 sqftInquire for pricing
    15th Floor - Suite 150020,250 sqftInquire for pricing
    Suite 210020,251 sqftInquire for pricing
    21st Floor - Suite 210020,251 sqftInquire for pricing
    Suite 200020,294 sqftInquire for pricing
    19th Floor - Suite 190020,294 sqftInquire for pricing
    Suite 190020,294 sqftInquire for pricing
    Suite 180020,294 sqftInquire for pricing
    18th Floor - Suite 180020,294 sqftInquire for pricing
    20th Floor - Suite 200020,294 sqftInquire for pricing
    5th Floor - Suite 50022,106 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.

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