Mitsubishi Corp. Signs 91,761 SF Office Lease in Downtown 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.
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On the RET wire
- The 57th Houston story tracked on the wire in August 2026. All Houston coverage →
- Disclosed office deal value tracked in August 2026: $17.1B across 72 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
HOUSTON — Mitsubishi Corp. (Americas) has signed a 91,761-square-foot office lease in downtown Houston. The space spans floors 31 through 34 at 1100 Louisiana, a 55-story, 1.3 million-square-foot building that was dev…
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