2023 Office Space Rent & Sales
- $23.62 2023 Avg. Asking Rent
- 2.07% Y-o-Y Avg. Asking Rent Change
- 16.88% 2023 Office Vacancy Rate
Kingwood office price per square foot in 2023 was $23.62 on average. This marked a +2.07% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.88% 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
Kingwood, TX Office Asking Rents by Class
Office Spaces for Rent in Texas
Coworking Spaces in Texas
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2023 Office Construction in Kingwood, TX
| Office building | Address | SF | Completed |
|---|---|---|---|
| Kingwood Emergency Center | 23330 US Highway 59 North, 77339 | 64,431 | 2018 |
| Kingwood Medical Center - West Tower Professional Office Building | 22999 North Highway 59 U.S., 77339 | 83,574 | 2013 |
| Kingwood Medical Plaza - 22751 Professional Drive | 22751 Professional Drive, 77339 | 40,700 | 2010 |
| 1710 W Lake Houston - Office for Lease | 1710 W Lake Houston Pkwy, 77339 | 26,325 | 2007 |
| 2627 Chestnut Ridge Drive | 2627 Chestnut Ridge Drive, 77339 | 29,658 | 2006 |
| Kingwood Executive Center | 201 Kingwood Medical Drive, 77339 | 29,690 | 2005 |
| Kingwood Medical Arts | 350 Kingwood Medical Drive, 77339 | 90,000 | 2004 |
| Professional Center at Kings Crossing | 2815 West Lake Houston Pkwy, 77339 | 27,300 | 1995 |
| 22001 Northpark Drive | 22001 Northpark Drive, 77339 | 146,156 | 1991 |
| Northeast Professional Plaza | 2300 Green Oak Drive, 77339 | 34,719 | 1989 |
Worth noting among recent office completions on the Kingwood market is Kingwood Emergency Center, which is currently the largest new office development in the city, at 64,431 square feet.
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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 Kingwood 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.