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JLL: Houston office sublease market, be in the knowJLL: Houston office sublease market, be in the knowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=147792016-10-11T05:00:00Z2016-10-11T19:40:00Z

​​​​​HOUSTON - Sublease space continues to inundate the Houston office market—as leasing demand has been unable to keep pace with supply, Houston’s office availability hit 26.6 percent at mid-year.

Here’s what you need to know about the Houston office sublease market right now:

  • CBD, Energy Corridor lead in sublease space availability: Houston’s office market now has 11.9 million sf of sublease space available—the largest blocks being found in the Energy Corridor and CBD.

  • Sublease space in top submarkets is more than double the average inventory: Approximately 587,000 sf of sublease space is coming online each month.

  • More than 5 million sf of sublease inventory is here for the long term: Only 2 percent of current sublease space will revert back to direct basis by year-end and Houston’s sublease market may grow to 13 million sf by 2017. Looking forward, additional deliveries combined with space contractions may push vacancy over 20 percent market-wide.
JLL
Houston-The Woodlands-Sugar Land
Office
 http://www.jllblog.com/Houston/houstons-sublease-market/

​Cl​ick to see JLL's full Houston Office Sublease Market Sept. 2016 (PDF)​.

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