Nov 23, 2016
Colliers: What’s positive in Texas office 3Q 2016?
DALLAS, HOUSTON – Office market conditions moderated during third quarter 2016 in the core areas of the top investment markets tracked by Colliers International, according to their 3Q 2016 U.S. Top Office...
DALLAS, HOUSTON – Office market conditions moderated during third quarter 2016 in the core areas of the top investment markets tracked by Colliers International, according to their 3Q 2016 U.S. Top Office Metros Snapshot.
The Dallas market continues its strong growth, though leasing paused in the core areas during the third quarter as net absorption turned negative.
Class A average rents in the hot Uptown submarket have surpassed $40 per sf for the first time, with some top tier buildings in the $50-$60 range.
In Houston there is currently 11.8 million sf of sublease space on the market—a staggering 5.1 percent of the total market.
More positively, the administrative side of the health care industry continues to grow and lease some of the ample available space in this market.
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