Katy Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $31.60 2023 Avg. Asking Rent
  • 12.72% 2023 Office Vacancy Rate

Katy office price per square foot in 2023 was $31.60 on average. The local office market recorded an average vacancy rate of 12.72% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2023 Average Office Rent per Square Foot

  • Texas Class A & A+ Office Space$36.17
  • Texas Class B Office Space$24.95
  • Texas Class C Office Space$31.07

Katy, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Katy

Submarket Asking Rents Vacancy Rates
West Houston $28.38 13.23%
Energy Corridor $26.74 23.41%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Katy market was 12.72% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Katy was 13.23% in the West Houston submarket, while the highest office vacancy in the market was 23.41%, recorded in Energy Corridor.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Katy, TX

Largest Office Properties Recently Completed in Katy
Office building Address SF Completed
143 Bella Katy Drive 143 Bella Katy Drive, 77494 5,314 2024
24004 Porter Ranch Lane 24004 Porter Ranch Lane, 77493 32,615 2023
3107 Elrod Rd - Offices at Pinewoods 3107, Katy/Grand Parkway West Submarket - Office 3107 Elrod Road, 77449 2,600 2022
2027 N mason Rd 2027 N mason Rd, 77449 1,320 2020
Parkway Ridge at Grand Parkway - Unit 1103 633 East Fernhurst Drive, 77450 1,200 2019
Marcel Plaza 25830 Westheimer Pkwy, 77494 80,000 2017
1437 FM 1463 Rd 1437 FM 1463 Rd, 77494 16,440 2017
Grandway West II 2002 West Grand Pkwy, 77449 124,017 2016
440 Cobia Drive #1404 440 Cobia Drive, 77494 1,225 2016
Katy Ranch I 24275 Katy Fwy, 77494 151,187 2015

Worth noting among recent office completions on the Katy market is 143 Bella Katy Drive, which is currently the largest new office development in the city, at 5,314 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Katy commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.