Jiffy Lube Signs 28,000 SF Office Headquarters Lease in West Houston
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
- The 29th Houston story tracked on the wire in September 2026. All Houston coverage →
- Disclosed office deal value tracked in September 2026: $9.1B across 42 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
HOUSTON — Jiffy Lube has signed a 28,000-square-foot office headquarters lease in West Houston. The automotive services retailer, which was recently sold by Shell Oil to Monomoy Capital Partners, is relocating from th…
External link. Real Estate Trail does not republish source content.
Related coverage — Houston · Office
Superior Energy Signs 56,256 SF Office Headquarters Lease in West Houston
HOUSTON — Superior Energy Services has signed a 56,256-square-foot office headquarters lease in West Houston. The oilfield services company is relocating from 1001 Louisiana in downtown Houston to the 13-story, 225,02…
Partners Inks Leasing Deal for Houston’s Intercontinental Center
Partners Real Estate has been selected as the exclusive leasing agent for Intercontinental Center, a nine-story, 200,250-square-foot Class A office building at 15600 John F. Kennedy Blvd. in Houston. Vince Strake and…
Mitsubishi Spending $26M for Houston Office Improvements
Mitsubishi leased 91,761 square feet across floors 31-34 at 1100 Louisiana earlier this year, and now its ready for some improvements. The company expects to spend $26 million on renovationas to floors 31, 32, and 33…
Marcus & Millichap Brokers Sale of 50,000 SF Industrial Complex in Northwest Houston
HOUSTON — Marcus & Millichap has brokered the sale of The Workshops at Breen, a 50,000-square-foot industrial complex in northwest Houston. The shallow-bay property was constructed on a 3.8-acre site at 5801 Breen Dri…
InterFace Panel: Retail Development in Houston Is Penciling, But Creativity Remains Paramount
By Taylor Williams In terms of both ground-up construction and expansions and redevelopments of existing properties, retail development in the greater Houston area is pretty healthy by today’s standards, which is to s…