Millennium Tower — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Houston, TX 77042
  • Size: 19,000 SF
  • Year built: 1982

Photos

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Description

JLL Capital Markets, on behalf of the owner, is pleased to present for sale a 100% fee simple interest in Millennium Tower (“the Property”), a 46% leased 362,849 square foot Class A office property located in Houston’s Westchase submarket. Standing as one of the most recognized office assets in the Westchase submarket, the Property presents an incredible value-add opportunity offered at a competitive basis. The Property has been well-maintained by current ownership, having invested significant capital in building system upgrades and added amenities. Millennium Tower is strategically positioned to capture active tenant demand by offering competitive market rates paired with desirable onsite amenities. The next owner can leverage the Property’s attractive basis to deliver compelling lease terms while maintaining quality space, capitalizing on the strong leasing momentum West Houston has experienced over the past 12-24 months. The Property’s location provides excellent accessibility to major population centers via Beltway 8 and Westpark Tollway, with Houston’s premier residential neighborhoods—Memorial Villages, Spring Branch, Briar Forest, and River Oaks—all within a short commute. The Property provides an exceptional opportunity to acquire a well-positioned asset in one of the nation’s hottest leasing submarkets at a fraction of replacement cost.

Market Context

This office in Houston, TX is listed for sale across 19,000 SF. The building dates to 1982. Compare it against other office listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston office market showed a 26.1% vacancy rate, and average asking rents near $31.77/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Houston office market tightening or softening?
Vacancy is around 26.1% (Q1 2026).

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