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NAI: Houston's improving office market amid subleasesNAI: Houston's improving office market amid subleaseshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190672018-02-14T06:00:00Z2018-02-15T00:00:00Z

​​​​The 275,000 sf space is located in the Energy Tower II building at 11,720 Katy Fwy. 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. ​

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