Bellaire Park features two Class A office buildings located in Bellaire, an affluent residential suburb in Houston. Its proximity to the Texas Medical Center, Houston’s largest employment centre outside of the CBD and the largest medical centre in the US, has contributed to its high concentration of tenants from the healthcare sector.
Located near major thoroughfares and public transportation nodes, the development enjoys easy accessibility to the Houston CBD. The development received the US Environmental Protection Agency’s prestigious ENERGY STAR® label in 2023.
Key Statistics
US$47.3M Valuation as of 31 December 2023
316,559 SF Net Lettable Area
87.3% Committed Occupancy as of 31 December 2023
1.0% Previous 12 Month Rental Growth(1)
-1.5% Projected Rental Growth(1)
Freehold Land Tenure
(1) Refers to average submarket office rent.
Source: CoStar Office Report, December 2023.
