CENTURY 21 Republic helps business owners, investors, and tenants buy, sell, and lease office and medical office space across Pearland and Greater Houston.
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Properties we work with
- Professional office buildings
- Medical and dental office space
- Small office and office condominiums
- Owner-user buildings
- Office space for lease
What we analyze
- Occupancy: tenant roster, lease expirations, and the cost to fill vacant space.
- Leases: rent versus market, expense structure, and tenant improvement obligations.
- Building: parking ratio, HVAC, elevators, and accessibility.
- Medical use: plumbing, power, zoning, and proximity to hospitals.
- Owner-user options: buying versus leasing for your own business.
How we evaluate a deal
Broker and co-owner Jose Torres holds an MBA and a Master of Finance from Tulane University and has more than 25 years of experience managing finance, real estate, and projects. We help you look at both the possibilities and the numbers before you buy, sell, or sign a lease.
Houston office market at a glance
| Benchmark | Houston figure |
|---|---|
| Vacancy rate | 19.6% (Q2 2026), its lowest level in a year |
| Average asking rent | $21.96 per sq. ft. (net) |
| Average cap rate | 7.26% |
| Under construction | 1.1 million sq. ft. |
| Cap rate, suburban Class A | 7.75% – 8.25% |
Houston office vacancy is still high overall, but it is improving and little new space is being built. Well-located suburban and medical office space tends to perform better than older buildings.
Sources: vacancy, rent, average cap rate, and construction from the Lee & Associates Houston Office Market Report (Q2 2026). Suburban Class A cap rates from the CBRE U.S. Cap Rate Survey (H2 2025, published February 2026). These are market benchmarks, not an appraisal of any property.
Frequently asked questions
Should my practice buy or lease its office?
Buying lets you build equity and control your space, while leasing keeps capital free for your business. We can compare both over your planned time in the space.
What are tenant improvements?
Build-out work to fit a space to a tenant, often partly paid by the landlord through an allowance negotiated in the lease.
Talk to us about office space
Call 832-615-6742 or email info@c21republic.com. Back to commercial real estate →
