North Houston Commercial Real Estate Market Report

Get facts, stats, and case studies about the shifts happening within District boundaries with the North Houston Commercial Real Estate Market Report.

Stay ahead with the North Houston District’s Commercial Real Estate Market Reports, expertly crafted by Robert Fiederlein, our Vice President of Planning and Infrastructure and resident real estate expert. These reports offer hyperlocal insights, providing a comprehensive view of market shifts within our boundaries. Get an insider’s perspective on industrial, office, retail, and multifamily trends specific to our area. Whether you’re an investor, developer, or business owner, our reports deliver key data on vacancy rates, market rents, and new developments—all tailored to the unique conditions of the North Houston District. We conduct these reports to empower stakeholders with the knowledge they need to make informed decisions in one of Houston’s fastest-evolving commercial hubs.

Why We Do These Reports: Our goal is to spotlight the unique dynamics shaping North Houston’s real estate market. By offering a hyperlocal view, we provide actionable insights that national or citywide reports might overlook. From logistics and industrial growth to resilient office spaces, we track it all, so you can stay ahead in an ever-changing landscape. 

A wide aerial view of Houston showing suburban neighborhoods in the foreground, with the downtown skyline on the horizon under a partly cloudy sky.

Growth Trends: Q2 2025 Summary North Houston Commercial Real Estate Market Report

Strong population and job growth continue to drive Houston’s economy forward—offering optimism for the commercial real estate sector, with a few important factors to watch.
Houston Population Heat Map

Surge in Population Growth

Houston added over 43,000 residents in 2024—second only to New York City—while Fulshear saw a stunning 26.9% growth rate.

Industrial Workers

Job Market Stays Strong and Steady

Houston gained 57,800 new jobs in 2024, matching long-term trends and signaling a stable return after years of exceptional growth.

Intersection sunset photo

Future Looks Bright—With a Note of Caution

Job projections for 2025 remain solid, but future growth may depend on how shifts in U.S. immigration policy impact international migration.

Industrial/flex

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Market Rent Per/sf

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Vacancy Rate

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Cap Rate

Office Class A

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Market Rent Per/sf

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Office Class B/C

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Market Rent Per/sf

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Vacancy Rate

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Cap Rate

Retail

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Market Rent Per/sf

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Cap Rate

Multi-Family

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Market Rent Average

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Vacancy Rate

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Recent Reports

Two professionally dressed people talk commercial real estate at a tall table in a spacious, modern hotel lobby with stylish lighting, blue carpet, and contemporary lounge seating in the background.

HOTEL UPDATE: Q1 2025 North Houston Commercial Real Estate Market Report

The Good News for North Houston Hotels -get hyperlocal insights, offering a detailed view of market trends and shifts within the North Houston District’s boundaries.
A construction site featuring two partially built multifamily buildings on either side of a central dirt pathway. Workers, equipment, and a yellow cement truck are visible, with orange safety netting and scaffolding in place. A blue sky with light clouds is above.

Q4 2024 North Houston Commercial Real Estate Market Report

Multifamily Starts Drop Dramatically – A Precursor to Future Rent Growth
Federal Reserve The Marriner S. Eccles building built in 1937.

Q3 2024 North Houston Commercial Real Estate Market Report

What the Fed's Recent Cut Means for the North Houston Commercial Real Estate Market?

Questions? Connect with us.

Robert Fiederlein

Vice President Planning and Infrastructure
Direct: 281-874-2132

Mobile: 713-816-5413
rfiederlein@northhouston.org