Trophy assets continue to outperform the broader Houston office market, absorbing 778K SF in the first half of the year, according to Avison Young.

 

That trend is rolling into the second half of the year, with Williams Tower securing a 104K SF lease in Camden Property Trust’s new headquarters.

 

The multifamily REIT will relocate from 11 Greenway Plaza, where it leases 86K SF, by September 2025, the Houston Chronicle reported.

 

The size of the new lease will accommodate Camden’s planned growth. Camden was attracted to Williams Tower’s location and amenities, Avison Young principal Anthony Squillante told Bisnow in a statement. 

 

“Camden’s relocation to Williams Tower reinforces the paradigm that we’ve been seeing from office tenants in Houston post-COVID which is a flight to quality or a desire to remain in higher quality assets,” Squillante said in an email. “Employers are focused on providing the best experience possible for their employees within the office buildings that they reside.” 

 

Invesco owns Williams Tower, a 64-story skyscraper developed by Hines that neighbors The Galleria. The building also secured a 319K SF lease to house LyondellBasell's U.S. headquarters last year.