Office Leasing Grows at Galleria After Renovation

Leasing Activity Rises Post-Renovation

CP Group has increased office leasing momentum at 5 Post Oak Park, a 567 KSF property in Houston’s Galleria submarket, after completing a $12M renovation, reports The Real Deal. The owner finalized six leases totaling 50K SF, boosting occupancy nearly 10% since the building’s refresh.

Xceed Office signed the marquee deal for 22,450 SF, taking an entire floor as it relocates from Katy. The building also landed one of Houston’s largest recent restaurant leases: Mack Allen’s, which will open this year with 15,680 SF on the ground level.

Tenants and Transactions

Additional office leasing includes Hanwha USA (7,521 SF), Eagle LNG (5,494 SF), and Arnie & Company (3,408 SF)—all new commitments. Two firms, Robert W. Baird & Co. (7,797 SF) and Pinchal & Company (2,933 SF), renewed their leases. The property also remains home to accounting firm Weaver, which inked 60K SF in 2022.

Attracting Tenants amid High Vacancy

Office leasing in Houston faces headwinds with vacancy at 26.3% by the end of 2025. However, CP Group’s investment in renovations—including a new gym and updated conference spaces—has helped attract new and renewing tenants. This mirrors a broader trend across Texas, where demand is shifting toward well-located, renovated properties, even in secondary office classes, as tenants seek value without sacrificing amenities. Spec suites under construction at 5 Post Oak Park aim to further capitalize on tenant demand for modernized, amenitized workspace.