Savills Studley: Houston office vacancy up

​​HOUSTON – The city’s office vacancy increased modestly to 28.2 percent in second quarter 2018, ​​according to a report from Savills Studley. ​​​

The 1.8 percent increase in availability is promising, says the report, since leasing volume increased 6.7 percent over the quarter to 3.2 million sf. ​

Currently, there is 9.5​ million sf of sublease space available in the city. ​​

"Sublet supply in the region has had an impact on rent but has not been detrimental to overall activity," the report states. ​​​​