Here's what office buildings are outperforming Houston's Class A marketHere's what office buildings are outperforming Houston's Class A markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=136822016-07-05T05:00:00Z2016-07-05T17:00:00Z

​HOUSTON - Downtown high-rise trophy towers of more than 500,000 sf are outperforming other Class A buildings in terms of direct vacancy.

These trophy buildings, which include 
  • the 1.9 million-sf Chase Tower at 600 Travis, 
  • the 974,000-sf BG Group Place at 811 Main St., and
  • the 1.83 million-sf Wells Fargo Bank Plaza at 1000 Louisiana St. had an average vacancy rate of 9.4 percent in the 1Q 2016. 

By contrast, the city's Class A properties as a whole had vacancy of 15.5 percent. 

The leasing activity at these buildings is still flat, though, and the broader Class A market is still classified as tenant favorable in the report. 

These downtown buildings have had higher rents for seven consecutive quarters—they garnered $31.83 per sf in 1Q 2016 compared to $23.70 per sf for Class A buildings in other parts of Houston, according to JLL
Houston Business Journal
Houston-The Woodlands-Sugar Land

​See​ Houston Quarterly Reports for office data.

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