Guide to Market Square Tower Condo Houston

Built in 2017, located in Downtown, see Market Square Tower condos for sale, amenities, pictures & reviews.

Located across Market Square Park at 777 Preston St, Market Square Tower is a 40-story, 463-unit, lease-only luxury highrise.

• HIGHLIGHTS: This building is the latest multi-family high-rise development and it's noted for its Sky Pool, a glass-bottom pool that hangs from the side of the building that gives a view of downtown.

• AMENETIES:Market Square Tower provides entertainment and relaxation with its heated pool and outdoor lounge areas with spaces for grilling. This apartment also has a sky gym, game rooms, and sky lounge with bar services. Electric car charging stations are also available in level 4, spaces 474 and 475 for 24hrs. Animal-lover residents also get a pet friend environment with grooming rooms and walk areas.

• MARKET SQUARE PARK: Owners are only minutes away from the well-known Market Square Park. This park occupies green space, an entertainment plaza, and public art exhibits.

• METRORAIL ACCESS: Commuting to and fro from this apartment is very easy due to its location near the Preston station in front of the building on the main street.

• DOWNTOWN ATTRACTIONS: Not only this tower is accessible to transportation but also various parks and dining places including, Sesquicentennial Park, Buffalo Bayou Hike and Bike Trail, Burgerim Burger Bar, La Fisheria, and The Blind Goat.

However, a recent study in conjunction with Houston Condos That Have Been Investments showed that over 81% of all building residents did not use a single building amenity over 45 days (excluding building staff services like concierges, porters, valet, etc.)

This implies several things:

1. Building amenities are great selling points, as new residents get to see “glitz and glamor.”
2. Most amenities are not used by the majority of the residents.
3. Every month, all residents bear not only the amortized construction costs but also the ongoing maintenance cost of every single building amenity.

In addition, “cool” building amenities (e.g. glass-bottom pools overlooking a park) typically have higher maintenance costs as they’re harder to maintain.

To get personal advice on buying a lease on Market Square Tower, contact Paige Martin, one of Houston’s best condo realtors and one of the top-ranked Realtors in the United States.

"We had the best experience working with the Houston Properties team. They were always honest and provided insightful feedback which was invaluable during the home buying process. Houston is a complicated market and they know it inside and out. They worked tirelessly for us during an extremely difficult and volatile market. I can't recommend them highly enough!" - Jen Schulten (Google Review)

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Market Square Tower Condos For Sale

Market Square Tower Condos For Rent

Table of Contents

1. Market Square Tower Condo Amenities
2. Market Square Tower Condo Sales Trends
3. How To Find Market Square Tower In Houston
4. Market Square Tower Pet Policies & Information
5. Market Square Tower Best Realtor Insights
6. Market Square Tower Condominium Reviews

Market Square Tower Condo Amenities

Market Square Tower Condo Sales Trends

How To Find Market Square Tower In Houston

Market Square Tower Pet Policies & Information

Market Square Tower Best Realtor Insights

Market Square Tower is one of eleven new residential lease high-rise buildings added to Downtown Houston.

• The tower is located across Market Square Park at 777 Preston St. bound by Milam, Preston, Louisiana, and Congress.

• It is the latest multi-family high-rise development. It is known for its Sky Pool, a glass-bottom pool that hangs from the side of the building that gives a view of downtown.

• Its location gives residents direct access to Houston’s major business centers. These include Downtown, Texas Medical Center, and the Galleria.

• Market Square Tower is designed by Jackson & Ryan Architects. The firm has gathered different awards related to the building.

• The building is only minutes away from the well-known Market Square Park. This park occupies green space, an entertainment plaza, and public art exhibits.

• Commuting residents can enjoy a scenic stroll near the Preston station in front of the building.

• Residents can indulge in the local dining places. These include Burgerim Burger Bar, La Fisheria, and The Blind Goat.

• The location provides green access to its residents. These include Lauren's Garden, Sesquicentennial Park, and
  Buffalo Bayou Hike and Bike Trail

• It provides entertainment and relaxation with its heated pool and outdoor lounge areas with spaces for grilling. This apartment also has a sky gym, game rooms, and sky lounge with bar services.

• Animal-lover residents also get a pet friend environment with grooming rooms and walk areas.

Market Square Tower Condominium Reviews

MARKET SQUARE TOWER:

Located across Market Square Park at 777 Preston St, Market Square Tower is a 40-story, 463-unit, lease-only luxury high rise.

Market Square Tower is Downtown Houston’s latest multifamily highrise development with luxurious amenities.

Luxury amenities include poker rooms, a cantilevered pool, a screening room with lie-flat recliners, and a wrap-around rooftop with amazing views of the Houston skyline and Buffalo Bayou Park.

Market Square Tower is designed by Jackson & Ryan Architects. The building is located on a city block bound by Milam, Preston, Louisiana, and Congress.

• Address: 777 Preston St, Houston, TX 77002

• Year Built: 2017

• Number of Units: 463

• Nearby Buildings: Bayou Lofts, Byrds Lofts, Hermann Lofts, Hogg Palace

• Neighborhood: Downtown Houston

Market Square Tower is located within Downtown Houston. Downtown is home to over 30 residential lofts and condos. Buyers and renters will benefit from a good Downtown realtor who has sold numerous properties in the area.

For more information on Market Square Tower condos and how they compare to nearby buildings call Paige Martin at 713-425-4194 or email Paige@HoustonProperties.com

DOWNTOWN HOUSTON CONDOS FOR LEASE

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HOUSTON CONDO RESOURCES

MARKET SQUARE TOWER REVIEW

Market Square Tower is one of eleven new residential lease high-rise buildings being added to Downtown Houston.

Before the construction of these new eleven buildings (that were planned during the 2012-2014 oil boom), there were 2,899 downtown residential units (housing approximately 3,800 residents).

These eleven new downtown lease-only buildings are adding 2,729 new residential units (housing approximately 3,500 people).

In addition, seven more downtown residential towers are planned (but have not broken ground as of the time of this writing) bringing an additional, planned 3,200 residents.

Candidly, I think many of these seven planned downtown Houston highrise buildings that have not broken ground will not make, since Houston’s downtown real estate market changed dramatically from 2014 to 2016.

However, supply is still doubling, while demand stays flat.

As you’ll see the 10 year Downtown Houston lease trends below, rental prices peaked in mid-2015. Lease prices started falling in late 2015 and have fallen further in 2016.

One of the challenges that Market Square Tower (or any new luxury downtown Houston residential building) faces is that they are pricing their rental units at a 40% plus premium to last year’s rental rates (which had the highest all-time ever lease rates).

This is a 50%+ premium to the current rental rates, while the supply of downtown rental inventory is planned to double.

Typically, when supply increases and demand decreases, prices do not rise by 50%.

Even if Market Square Tower deserves a 50% premium over downtown Houston lease rates, downtown Houston rental rates will likely fall and all lease prices should be adjusted.

MARKET SQUARE TOWER HOUSTON

Market Square Tower is a lease-only downtown residential high-rise building.

One of the challenges that new luxury downtown rental highrises have, is the average price to purchase a downtown Houston condo or downtown Houston loft for sale is less than $275,000.

When luxury lease prices (like Market Square Tower Houston) offer condo rentals costing over $6,000 per month, and ownership costs for nearby Houston condos for sale are less than half those rates, the question is “Will people be willing to pay a premium lease rate, versus purchasing a condo and upgrading the unit to the owner’s tastes?”

For example, spending $85,000 per year on a rental at Market Square Tower may be less advantageous than buying a $300,000 condo at Franklin Lofts, Bayou Lofts, Hermann Lofts, [Commerce Towers](https://www.houstonproperties.com/houston-condos/downtown/commerce-towers}, kirby lofts, Rise Lofts, or The Edge (all a short distance away from Market Square Tower).

Here’s a collection of current downtown Houston lofts & condos for sale:

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Get help from Market Square Tower’s #1 Rated Realtor

Please contact Paige Martin for recommendations on Houston mortgage providers who specialize in downtown Houston condos and lofts so you can compare monthly ownership costs vs lease costs at downtown Houston luxury rental buildings.

MARKET SQUARE TOWER AMENITIES

Market Square Tower offers a tremendous amount of amenities, including:

Level 4 Amenities

• Park Terrace Heated Pool and Spa with Cabanas
• Veranda Grilling Space with Outdoor Kitchen and Fire Pit
• Game Room with Air Hockey, Skee-Ball, Ping-Pong and Arcade Games
• Billiards Room
• Poker Suite
• Indoor Basketball Court
• Virtual Golf Simulator
• Movie Theatre
• Children’s Room
• Grand Ballroom with Catering Kitchen
  Demonstration Kitchen
• Temperature-controlled Wine Room with Private Lockers
  Spa Relaxation Room with Men’s and Women’s Locker Rooms
• Steam, Sauna, and Massage Rooms
• Sunless Tanning Suite
• Cyber Lounge
• Executive Conference Room

Rooftop Amenities

• Infinity Deck with a Glass Bottom Pool Shelf Cantilevered over the Rooftop Edge
• Outdoor Lounge Areas with Grilling Spaces and Fire Pit
• Sky Gym with State-Of-The-Art Fitness Equipment
• Sky Studio with Virtual Class Offerings
• Sky Room for Private Dining or Business Meetings
• Sky Lounge with Bar Services

Other Amenities

• Upgraded Connectivity to Guarantee Cell Phone Reception throughout Entire Property
• Guest Suites
• Bicycle Storage with Bike Fix-It Station
• Fully-Equipped Pet-Grooming Room
• Resident Storage Units

Resident Services

• Vehicle Valet
• Concierge
• Package Delivery Desk
• Valet Dry Cleaning
• Pet Walking, Sitting, and Grooming

However, a recent study in conjunction with Houston Condos That Have Been Investments showed that over 81% of all building residents did not use a single building amenity over 45 days (excluding building staff services like concierges, porters, valet, etc.)

This implies several things:

• Building amenities are great selling points, as new residents get to see “glitz and glamor.”
• Most amenities are not used by the majority of the residents.
• Every month, all residents bear not only the amortized construction costs but also the ongoing maintenance cost of every single building amenity.

In addition, “cool” building amenities (e.g. glass-bottom pools overlooking a park) typically have higher maintenance costs as they’re harder to maintain.

Before signing a lease agreement for any luxury downtown Houston rental, I’d highly encourage you to view all Houston condos and lofts for sale to compare monthly rental rates versus ownership costs.

PAIGE MARTIN: TOP HOUSTON CONDO TX REALTOR

As featured on Fox News in the Morning, Houston Business Journal and Houston Magazine, Paige Martin, a consistent Top Producing Broker-Associate and head of the Houston Properties Team, is ranked as one of the top residential real estate agents in the world.

Paige’s recent awards include:

• 2016: One of the Top 25 Residential Realtors in Houston, Houston Business Journal

• 2016: Five Star Realtor, Featured in Texas Monthly

• 2016: One of America’s Best Real Estate Agents, RealTrends.com
  2015 Q3: #9 Individual Agent, Keller Williams, Worldwide (of 125,000 agents)

• 2015: #2 Individual Agent, Keller Williams, Texas

• 2015: #1 Individual Agent, Keller Williams, Southwest Texas (Houston, Woodlands, Katy, San Antonio)

• 2015: #1 Individual Agent, Keller Williams, Houston

• 2015: #1 Individual Agent, Keller Williams Memorial

• 2015: One of America’s Best Real Estate Agents, RealTrends.com

• 2015: One of the Top 25 Residential Realtors in Houston, Houston Business Journal

• 2015: Five Star Realtor, Featured in Texas Monthly Magazine

• 2014 – #1 Ranked Individual Agent, Keller Williams Memorial

• 2014 – “One of the Top 40 Houston Realtors,” Houston Chronicle

• 2014 – “One of America’s Best Real Estate Agents,” RealTrends.com

• 2014 – Five Star Realtor, Featured in Texas Monthly Magazine

• 2013 – #1 Ranked Individual Agent, Keller Williams Memorial

• 2013 – Top 50 Houston Realtors by the Houston Chronicle

• 2013 – Top 5 Ranked Individual Agent in the Houston Area with Keller Williams

• 2013 – Five Star Realtor, Featured in Texas Monthly Magazine

• 2012 – #1 Ranked Individual Agent in the Keller Williams Memorial Office

• 2012 – Top 5 Ranked Individual Agent in the Houston Area with Keller Williams

• 2011 – #1 Ranked Individual Agent in the Keller Williams Memorial Office

• 2011 – Top 10 Ranked Individual Agent in the Houston Area with Keller Williams

• 2010 – #1 Ranked Individual Agent in the Keller Williams Memorial Office

• 2010 – Top 10 Ranked Individual Agent in the Houston Area with Keller Williams

Paige works with a tremendous number of buyers and sellers within Houston, earning praises like “Paige Martin is the best Houston condo realtor I know.” Read more about client feedback and ratings here.

For a specific recommendation of neighborhoods, homes, or properties based upon your style, goals & price point, please contact Paige Martin, head of the Houston Properties Team & Broker Associate at Paige@HoustonProperties.com or 713-425-4194.

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