Jan 16, 2015
Transwestern Houston Office Market Watch Dec. 2014
HOUSTON - Transwestern has released the Market Watch for Houston Office December 2014. Here's the latest: *Top five submarkets ranked by SF under construction. **FSG; Full Service Gross ***Total includes...
HOUSTON – Transwestern has released the Market Watch for Houston Office December 2014. Here’s the latest:
| Submarket | Total Buildings | SF Available Immediately | Overall Vacancy | SF Under Const. | Asking Rental Rate (FSG**) Class A | Asking Rental Rate (FSG) Class B |
| Katy Fwy./Energy Corridor | 196 | 1,902,633 | 7.0% | 5,670,188 | $35.40 | $22.78 |
| The Woodlands | 79 | 501,252 | 5.7% | 4,565,837 | $37.14 | $26.80 |
| Westchase | 85 | 1,272,259 | 8.6% | 1,817,000 | $37.31 | $20.87 |
| Downtown | 117 | 3,861,025 | 8.0% | 1,631,162 | $42.10 | $27.84 |
| Northwest | 96 | 1,374,354 | 12.2% | 1,193,336 | $26.47 | $19.25 |
| Total** | 1,271 | 21,002,128 | 9.9% | 17,116,898 | $34.52 | $20.80 |
*Top five submarkets ranked by SF under construction.
**FSG; Full Service Gross
***Total includes all 15 submarkets.
tag: Houston-Sugar Land-Baytown Market Data Sources for more office reports.
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