Houston's office sublease glut shrinks by 90,000 SFHouston's office sublease glut shrinks by 90,000 SFhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=140562016-08-04T05:00:00Z2016-08-04T20:30:00Z

​​​HOUSTON - La Porte-based JV Industrial Cos. is subleasing 90,140 sf at a distribution facility at 750 Almeda Genoa Rd., according to a release from Houston-based NAI Partners​

The entire facility is 232,000 sf and sits on 9.5 acres of land. 

Houston industrial is currently wrestling with a record-high volume of available sublease space on the market. 

As of April 2016, there’s roughly 3.5 million sf of sublease space on the industrial market, a steep hike from the 1.6 million sf available last year.

Sublease space has grown by nearly 563,000 sf in second quarter. There hasn’t been that much sublease growth in a single quarter since 2009, according to CBRE.
Houston Business Journal
Houston-The Woodlands-Sugar Land

​See ​CBRE's 2Q 2016 Houston Industrial report.

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