10Y UST4.96%-1.00%30Y MTG6.95%+2.81%SOFR3.87%+0.52%VNQ$91.93-2.00%XLRE$42.08-1.19%FED FUNDS3.88%
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Connect CRE · Houston · Office

71-Story Houston Office Tower Up for Sale

Via Connect CRE · September 23, 2026
Compiled by Real Estate Trail Editorial · September 23, 2026

Why this matters

Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Houston transaction velocity has been concentrated in industrial and Class A multifamily in the energy corridor and inner loop. Office remains a basis play. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
JLL Capital Markets , as the exclusive representative of the owner, is offering for sale a 100% fee simple interest in 1000 Louisiana, a 71-story, 1,721,242-square-foot Class A office tower in Houston’s central busine…
Read the full article at Connect CRE

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