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.
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