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Houston Second in Office Sales Volume at $1.6B

HOUSTON-Real Capital Analytics' mid-year office trends report notes that Houston was the second most active office investment market in the US during the first half of 2013. Manhattan was number one.

By Amy Wolff Sorter | Updated on August 04, 2013

HOUSTON-Real Capital Analytics’  mid-year office report notes that, so far in 2013, nional office volume was $38.4 billion, a 22% increase from H1 12. Furthermore, Houston was the second-most active office investment market in the US during the first half of the year, clocking in $1.6 billion in transactions. Manhattan came in first, with $6.7 billion in sales volume.

Significant office transactions during the first half of the year included:

  • The 972,424-square-foot BG Group Place, from Hines/CalPERS to Invesco Realty Advisors for $480 million
  • The 1.4-million-square-foot 2800 Post Oak Boulevard from Hines REIT to Investco Real Estate for $410 million
  • The 542,000-square-foot 919 Milam, from Credit Suisse to M-M Properties for $113 million
  • The 1.2 million-square-foot Post Oak Central, from JP Morgan Chase to Cousins Properties for $233 million
  • The 1.2-million-square-foot 800 Bell from Exxon to Shorenstein Properties for $48 million.

RCA points out that Houston has emerged as a top market for institutional and cross-border investors, with Dallas and Austin also moving up in the rankings.

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