| NAI: Houston's improving office market amid subleases | NAI: Houston's improving office market amid subleases | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=19067 | 2018-02-14T06:00:00Z | 2018-02-15T00:00:00Z |  HOUSTON – TechnipFMCA has placed a major block of Energy Corridor office space on the sublease market. The 275,000-sf space is located in the Energy Tower II building at 11720 Katy Fwy. near Kirkwood. Even though the sizable sublease is a set-back, overall, the Houston office market has been improving. The sublease supply surged to more than 12 million sf in 2016, following a precipitous drop in oil prices. After hitting the peak of 12 million sf, the sublease supply has declined to 8.8 million in February 2018, NAI Partners reports. Over 1 million sf of sublease deals were completed in 4Q 2017. During 4Q 2017, the Houston office market had positive absorption, following a long string of losses as the city's vacancy rate climbed.
| Realty News Report
| Houston-The Woodlands-Sugar Land
| Office
| http://realtynewsreport.com/2018/02/07/another-large-block-of-office-space-hits-sublease-market-in-houstons-energy-corridor/ | | | See also: Houston-The Woodlands-Sugar Land Office Market Research.
| Source: {Source} |
