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L.L.P. Home Office Fax: 713.622.0220 The Woodlands/North Houston Office Commonwealth Centre Phone: 936-441-0102 Fax: 936-494-0102 Thank you! Your submission has been received! Oops! Something went wrong while submitting the form. Content Copyright 2022 Tumey L.L.P. All Rights Reserved. Galleria AreaThe Galleria is Houston’s second largest office submarket and has one of Houston’s most diverse tenant base. It is also one of Houston’s most coveted office submarkets. In general, the Galleria defies real estate trends. Asking rents have increased while vacancy and sublease space have decreased. Along with the CBD, The Woodlands, and Greenway, it is one of several submarkets with typically lower than the average vacancy rates. The Galleria is attractive for several reasons. The submarket has a good deal of amenities and is ideally located along the West Loop. It has approximately 64 commercial office buildings, with a total of 16,834,469 SF of net rentable office space. An employment-centric submarket in central Houston, the Galleria has consistently low vacancy rates. Current vacancy is the Galleria/Uptown office real estate market is approximately 16%. The average quoted commercial office leasing rates are hovering around $37.00 per SF, per year. “Chase,” “JPMorgan,” “JPMorgan Chase,” the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states. "Chase Private Client" is the brand name for a banking and investment product and service offering. JPMorgan Chase & Co. Underwood, Jones, & Scherrer, PLLC
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ABOUTGreenwichhas three distinct divisions: DevelopmentIn development Greenwich looks for high quality projects with great location, visibility and accessibility allowing the projects continued long term growth. Future developments include Post Oak Corner located at Post and the 610 feeder. ManagementManagement to Greenwich means ensuring its properties perform to the highest quality of its tenants and their customer's expectations. Greenwich strives to see that the customers visiting their centers leave with a positive experience. LeasingLeasing for Greenwich is in the tenant mix. Our depth and experience in this field allows us to choose a niche mix for each shopping center, creating a destination shopping experience, thus setting the stage for continued growth of sales per foot for the center and its tenants. |