Murphy Building — Lease in Houston, TX

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Houston, TX 77024

Description

Commercial property listing from JLL. Property: Murphy Building.

Market Context

This office in Houston, TX is listed for lease. It has been on the market for 166 days. Compare it against other office listings for lease in Houston, TX — view the full market.

As of Q4 2025, the Houston office market showed a 10.0% vacancy rate, and cap rates around 9.0%. Source: multiple brokerage reports, Q4 2025.

Office market FAQ

What is the typical cap rate for office in Houston?
About 9.0% as of Q4 2025, per multiple brokerage reports.
Is the Houston office market tightening or softening?
Vacancy is around 10.0% (Q4 2025).

Estimated Market Rate

$2.24/SF/mo – $3.02/SF/mo

Mid: $2.63/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

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