Houston Offices Draw Global Investors as Oil Booms

Houston Offices Draw Global Investors as Oil Booms

Aaron M. Sprecher/Bloomberg

Cars pass through an intersection in Houston's Galleria office district, where prime office rents rose 11 percent in the fourth quarter from a year earlier to a record $32.02 a square foot as non-U.S. investment soared. Munich-based Allianz SE paid almost $227 million last year for a stake in four Galleria towers.