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NAI Partners: Dec. 2017 Houston Office Market SnapshotNAI Partners: Dec. 2017 Houston Office Market Snapshothttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=186712017-12-20T06:00:00Z2017-12-20T23:50:00Z

GREATER ​Market Activity YTD 2017 Vacancy 20.6% Availability 25.4% Net Absorption (SF) (1,893,206) Leasing Activity (SF) 12,717,742 Deliveries (SF) 2,371,394 Under Construction (SF) 1,961,769 Gross Avg Asking Rent (PSF) $28.17HOUSTON – ​Here are some December ​office market highlights​ from Houston Office Market Snapshot​ from NAI Partners:

The largest commercial property in Houston CBD was sold.

  • Brookfield Asset Management acquired the Houston Center, a 4.2 million-sf office and retail complex. 
  • The 9.2-acre, 6.5-block property includes five properties along Fannin St. and McKinney St. and Lamar Ave., including three high-rise office towers and a 16-story office building over 196,000 sf of retail space.

Office sales volume are up 137 percent year-over-year.

  • Real Capital Analytics data reports YTD office sales volume in the Houston area at $3.8 billion, a year-over-year increase of 137.6 percent. 

Also, The Greater Houston Partnership is cautiously optimistic about job creation and the Houston economy for 2018.

NAI Partners
Houston-The Woodlands-Sugar Land
Office
http://www.naipartners.com/research/houston-office-monthly-market-snapshot-december-2017/

​Che​ck out more Houston-area Office Market Research.

See also: TMC's newest campus could have mul​tibillion-dollar impact​ (Paywall) 

See the full report at {Source}

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