HOUSTON – According to a CBRE forecast, the city's high-end office market will turn up this year after ending 2017 in the red.
Class A office absorption is expected to be up by 950,000 sf in 2018.
Last year, CBRE's forecast model estimated negative 150,000 sf of absorption. Actual absorption registered 214,000 sf of losses.
Since 2000, Houston's Class A office absorption ranged from a low of negative 1.2 million sf in 2004 to a high of 5.9 million sf in 2015.
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