HOUSTON – Thirty-six office buildings were under construction here in the second quarter, reports CBRE in its latest market update, making Houston's office market one of the strongest in the nation.
Of those buildings, 11 were single-tenant and 25 multitenant. While some of those projects may have been completed since the end of the second quarter, new projects have been announced.
Transwestern reported last week that Houston and New York, the nation's two top markets, each have 11.3 million sf under construction.
Houston and San Francisco lead the way in space under construction as a percentage of existing inventory, with 4.8 percent and 4.4 percent, respectively.
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