What is the typical cap rate for office in Houston?

About 9.0% as of Q4 2025, per multiple brokerages.

Is the Houston office market tightening or softening?

Vacancy is around 10.0%, with asking rents rising year over year (Q4 2025).

Office

Westgate I

17220 katy fwy houston, tx, 77084, houston, TX 77084

Price

Price on request

Description

Located in the heart of Houston, TX, Westgate I is an outstanding leasing opportunity for businesses seeking a prominent location in the thriving Katy Freeway West sub-market. This office property stands as a testament to modern commercial design, delivering both efficiency and comfort to its occupants. With tailored amenities and comprehensive services, Westgate I caters to high-expectation commercial clients seeking a professional environment that matches their ambition. The property boasts a significant level of available space, offering tenants the flexibility to accommodate growth and change. Based at 17220 Katy Fwy, the property enjoys exceptional connectivity to Houston’s rich array of business, lifestyle, and entertainment options. Embrace the opportunity to elevate your business operations at this premier property, and leverage the strategic location to benefit from the dynamic growth of the Katy Freeway West sub-market. Discover why Westgate I is the smart choice for your business needs today.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

17220 katy fwy houston, tx, 77084, houston, TX 77084

Leaflet © OpenStreetMap contributors

Market Context

As of Q4 2025, the Houston office market showed a 10.0% vacancy rate, rents up 26.5% year over year, and cap rates around 9.0%. Source: multiple brokerages Q4 2025 market report.

Projected current pricing

low confidence

Projected asking rent

$31.81–$31.91/SF/yr

Estimated sale value

$133–$173/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 9.0%, asking rent trend-adjusted to today).

View the full Houston Office market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other office listings for sale in Houston, TX to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Houston?: About 9.0% as of Q4 2025, per multiple brokerages.
Is the Houston office market tightening or softening?: Vacancy is around 10.0%, with asking rents rising year over year (Q4 2025).

Unified Estimate

Medium Confidence

$26.87/SF-$36.35/SF

Mid: $31.61/SF

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.