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Houston: healing sublease inventory offset by pain elsewhereHouston: healing sublease inventory offset by pain elsewherehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156802017-02-01T06:00:00Z2017-02-01T22:40:00Z

​​​​HOUSTON – Following eight consecutive quarters of expansion, the Houston office sublease inventory decreased in size during fourth quarter 2016—dropping from 12.4 million sf in 3Q 2016 to 11.9 million sf in 4Q 2016.

Much of the drop is attributed to ConocoPhillips decision to relocate their Houston headquarters to Energy Center Four—a 597,000-sf Class A building located in the Energy Corridor that was formerly available for sublease.

Due in large part to a weak showing in leasing activity, which was approximately 54.0 percent below its ten-year quarterly average of 3.7 million sf, market-wide total vacancy reached 20.3 percent during 4Q 2016.

The total vacancy rate has been steadily on the rise since the 4Q 2014.​
JLL
Houston-The Woodlands-Sugar Land
Office
https://assets.recenter.tamu.edu/documents/mktresearch/Houston_Office_JLL.pdf

​Se​e JLL's Houston Office Insight and Statistics 4Q 2016 (PDF)​​.

For more sources, see Houston Office Market Research. ​​

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