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PMRG: Houston office by submarket 1Q 2015PMRG: Houston office by submarket 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12992015-04-13T10:14:00Z2015-04-13T00:00:00Z

HOUSTON - PM Realty Group (PMRG) has released its Office Market Report for first quarter 2015. The chart below shows real estate statistics of the top seven submarkets ranked by inventory.

Houston Submarket Statistics
Submarket Total
Inventory SF
Direct
Occupancy
SF Under
Construction
Asking Rent
Class A Class B
Central Business District 37,024,505 89.8% 1,056,658 $41.96 $28.23
Katy Freeway 28,487,173 89.2% 1,104,593 $35.65 $23.41
Galleria / Uptown 22,768,124 90.7% 1,237,021 $35.25 $26.76
Westchase 14,656,498 85.5% 445,000 $38.41 $20.14
Greenspoint/ IAH / N Belt 12,546,974 74.3% 68,950 $30.18 $16.51
Northwest Freeway / N Loop West 12,039,654 81.1% 160,633 $26.61 $19.09
Greenway Plaza 10,247,446 88.9% 833,275 $34.75 $22.47
Total* 211,890,302 86.9% 11,087,900 $34.22 $21.41

*includes submarkets not included in chart

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