How much does a square foot cost in Houston?
Houston, TX Housing Market The median list price per square foot in Houston, TX is $128.
What is the cap rate in Houston?
7.4 percent
The transaction-based capitalization rate for the Houston office market is 7.4 percent, equal to the regional average, and just above the national average of 7.2 percent.
What is the largest mall in Texas?
The Galleria
The Galleria is the biggest mall in Texas. The Galleria’s central space was modeled after the Galleria Vittorio Emanuele II in Milan, the oldest shopping mall in Italy. The Louis Vuitton store in the Galleria was recently expanding and re-designed.
How big is the Galleria mall in Houston?
2.4 million square feet
Spanning 2.4 million square feet of space, housing 400 fine stores and restaurants, two high-rise Westin hotels, and three office towers, The Galleria is Houston’s most popular retail and tourist destination, meeting every style and taste.
How many square feet is the Mall of America?
4,870,000 sq ft
The Mall of America has a gross area of 4,870,000 sq ft (452,000 m2) or 96.4 acres (390,000 m2), enough to fit seven Yankee Stadiums inside. The mall is nearly symmetric, with a roughly rectangular floor plan.
What is a good price per square foot in Texas?
The average cost per square foot to build a house in Texas ranges between $91 and $134 per square foot while building a new home — an average of around $114 per square foot. This estimate tracks with national norms.
How do you calculate price per sq foot?
The equation to calculate this metric is: price per square foot = price / floor space (ft²) .
What is the current cap rate?
Average cap rates for the four primary property types; office, retail, industrial, and apartments are around 5.0% depending on the specific property fundamentals and location. I see cap rates rising to an average of about 6.5% in 2022 and this will be good for CRE investors and developers.
How big is the mall in Houston?
Mall Security Spanning 2.4 million square feet of space, housing 400 fine stores and restaurants, two high-rise Westin hotels, and three office towers, The Galleria is Houston’s most popular retail and tourist destination, meeting every style and taste.
How many malls are in Texas?
Texas shopping stats:
| Number of shopping centers and malls in Texas: | 180 |
|---|---|
| Number of stores located in shopping centers and malls in Texas: | 18353 |
| The biggest shopping area in Texas: | The Galleria |
| List of Outlets in Texas |