Warehouse for Lease or Rent in Houston, Texas
Last Updated Sept. 11, 2021
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The staff at Centermark Commercial Real Estate, our Houston Affiliate, put together a survey of Big Box/Distribution Warehouses for lease or rent in the Houston Metro Area recently. This one in particular was targeted for a client with a requirement for spaces that are, or can be demised to the size of 140,000 to 160,000 square feet. The particular client is looking for a Manufacturing and Distribution space. We find that these client exercises are a good opportunity to provide good information to other potential clients - hence we are making it a practice to post a summary of the work we do. We found that there were at least 13 properties meeting this criteria - they are summarized in the table below:
Number | Total SF | Total SM | Office SF | Clear Height | Fire Protection | Electrical |
1 | 247,240 | 22,969 | BTS | 30 | ESFR | 1,400 Amps |
2 | 134,415 | 12,487 | 2,788 | 32 | ESFR | N/A |
3 | 207,635 | 19,289 | BTS | 32 | ESFR | N/A |
4 | 163,237 | 15,165 | BTS | 32 | ESFR | N/A |
5 | 221,393 | 20,567 | BTS | 32 | ESFR | N/A |
6 | 224,550 | 22,719 | 3,934 | 30 | ESFR | N/A |
7 | 176,319 | 16,380 | BTS | 32 | ESFR | N/A |
8 | 176,008 | 16,351 | BTS | 32 | ESFR | 1,600 AMPS |
9 | 194,610 | 18,079 | 2,764 | 32 | ESFR | N/A |
10 | 173,900 | 16,155 | BTS | 32 | ESFR | N/A |
11 | 179,280 | 16,655 | BTS | 30 | ESFR | N/A |
12 | 159,793 | 14,845 | 2,666 | 36 | ESFR | 1,400 AMPS |
13 | 141,883 | 13,181 | 2,408 | 32 | ESFR | N/A |
The base rent for these properties ranged from $4.56 to $5.46 per square foot and OPEX ranged from $2.18 to $2.88 per square foot. The tenant improvement allowance ranged from $4 to $6 per square foot for improvements.
Note that all of these properties are equipped with Early Suppression, Fast Response (ESFR) sprinkler systems. These systems are state-of-the-art for fire suppression in High-Pile Storage buildings with clear heights at this level.
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