Forme Houston Development — Lease in Houston, TX
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Houston, TX 77004
Photos
Description
5,193 SF For Lease | Museum District Restaurant Opportunity • +/- 5,193 SF ground level restaurant opportunity • 17’ ceiling heights • Cold, dark shell delivery with storefront glass - 3” conduit stubbed - Cold water stub out (sub-metered) - Gas stub out - Underground waste line stub out - Grease trap existing - $60.00psf in TIA • Base Rent: $42.00psf - NNN: $12.00psf • Base Rent: $35.00 PSF • Lobby restrooms can be utilized by restaurant
Market Context
This retail in Houston, TX is listed for lease. Compare it against other retail listings for lease in Houston, TX — view the full market.
As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Houston?
- About 7.5% as of Q1 2026, per multiple brokerage reports.
- Is the Houston retail market tightening or softening?
- Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).
Estimated Market Rate
$1.63/SF/mo – $2.29/SF/mo
Mid: $1.96/SF/mo
Contact
- Jazz Hamilton · 713 577 1805 · jazz.hamilton@cbre.com
- Rusty Lilley · rusty.lilley@cbre.com
- Leslie Villa · 713 577 1607 · leslie.villa@cbre.com
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