Guide to Market Square Tower Condo Houston

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

Guide to Market Square Tower Condo Houston

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

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

$665,100
2 Beds, 2 Baths
1211 Caroline Street #1706
$649,900
2 Beds, 2 Baths
1211 Caroline Street #1407
$295,000
1 Bed, 1 Bath
1211 Caroline Street #1402
$479,000
2 Beds, 1 Bath
1211 Caroline Street #902
$1,650,000
3 Beds, 2 Baths
1211 Caroline Street #1903
$486,000
2 Beds, 2 Baths
1211 Caroline Street #1003

Market Square Tower Condos For Rent

$2,900
2 Beds, 2 Baths
1211 Caroline Street #1303
$1,555
1 Bed, 1 Bath
1825 N San Jacinto St #642
$1,823
1 Bed, 1 Bath
1825 N San Jacinto St #541
$2,502
2 Beds, 2 Baths
1825 N San Jacinto St #402
$1,735
1 Bed, 1 Bath
1825 N San Jacinto St #743
$1,750
1 Bed, 1 Bath
1825 N San Jacinto St #621

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

Information Market Square Tower
Address 1414 Texas Ave
City Houston
Zip 77002
Region Downtown
Year Built 2017
Construction Status Complete
Developer Woodbranch MST Development, LLP
# Floors 40
# Units 463
Parking Assigned
Guest Parking Valet


HOA Market Square Tower
HOA / Sq Ft Unknown
What's Included in HOA Fee? N/A


Amenities Market Square Tower
Fitness Room/Gym Yes
Pool Yes
Pool: Heated Yes
Pool: Lap Size No
Pool: Indoor No
Pool: Hot Tub/Jacuzzi Yes
Party/Gathering Room Yes
Concierge Yes
Valet Yes
Porter Yes
On Site Manager Yes
Balconies Available? Yes
Electric Car Option? Yes
Tennis Courts No
Extra Security? Yes
Security Yes
Guest Rooms Available? Yes
Rooftop Deck/Terrace Yes
Outdoor Kitchen Yes
Gas Cooktop Available? No
Storage Unit Option Yes
Sauna Yes
Business Center Yes
Building Generator No

Market Square Tower Condo Sales Trends

Market Square Tower Real Estate Trends


How To Find Market Square Tower In Houston

Commute Time Market Square Tower
Downtown (min) 5
Med Ctr (min) 15
Energy Corridor (min) 20
Galleria (min) 15


Highlights Market Square Tower
Run / Bike Trails Lauren's Garden
Market Square Park
Sesquicentennial Park
Buffalo Bayou Hike and Bike Trail
Nearby Retail / Dining Barnaby's Cafe
Georgia James Tavern
Market Square Park
Burgerim Burger Bar
La Fisheria
The Blind Goat
Henke Pilot


MetroRail Access Market Square Tower
# Blocks to MetroRail 2
Nearest MetroRail Stop Preston NB/Preston SB

Market Square Tower Pet Policies & Information

Commute Time Market Square Tower
Pet Area/Courtyard Yes
Pet Area / Unique Pet Features Pet Walking, Sitting and Grooming
Max # Animals 2
Breed Restriction N/A
Weight Limit 75lb

Market Square Tower Best Realtor Insights

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

Market Square Tower


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.

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:

Don’t See What You Like?
Get a custom list of the best homes for sale in Market Square Tower

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

Rooftop Amenities

Other Amenities

Resident Services

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:

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:

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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