Colliers: Houston positive absorption in office market

​​​HOUSTON – After six straight quarters of negative net absorption, the office market posted 673,000 sf of positive net absorption during fourth quarter 2017, according to Colliers International’s Houston Office 4Q 2017 report.

Although positive, Houston’s office market 2017 year-end absorption total is still well within the red, at negative 1.7 million sf.

Houston’s citywide vacancy rate decreased 20 basis points from 19.3 percent to 19.1 percent over the quarter and rose 150 basis points from 17.5 percent in 4Q 2016.

Of the 1,709 existing office buildings in Colliers’ survey, 86 buildings have 100,000 sf or more of contiguous space available for lease or sublease.​