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

Williams Tower

williams tower, houston, TX 77056

Price

Price on request

Description

Williams Tower's striking height and distinctive form have already distinguished it as the landmark in suburban Houston. Multiple columns of dark gray bay windows projecting from the facade of light gray reflective glass highlight the tower's verticality. Column-free corner offices, bay windows and floor-to-ceiling vision glass provide occupants with impressive panoramic views of Houston's horizons. A presidential entrance, framed by a 90' arch of rose granite, begins the dramatic processional into the tower. Inside, the double floor lobby with 38' ceilings and rose granite surroundings announce the unique prestige of the project.

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

Location

williams tower, houston, TX 77056

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).