Jul 28, 2015
Colliers: The Woodlands 2Q 2015 Office Snapshot
THE WOODLANDS - Class A rents increased slightly over the quarter while Class B rents remained flat, according to Colliers International Market Office Snapshot 2Q 2015. Positive net absorption and...
THE WOODLANDS – Class A rents increased slightly over the quarter while Class B rents remained flat, according to Colliers International Market Office Snapshot 2Q 2015.
Positive net absorption and new supply reflected the continuation of ExxonMobil’s relocation into Phase III of its new campus.
Construction activity remains slow as proposed projects are still on hold due to the slump in energy prices.
| Inventory | Direct Vacancy | Vacancy Rate | Net Absorption (SF) | Rental Rate | ||||||
| Class | Bldgs. | Total (SF) | (SF) | Rate | 2Q 2015 | 1Q 2015 | 2Q 2015 | 1Q 2015 | Avg. (SF) | |
| A | 32 | 9,251,755 | 434,129 | 4.7% | 5.2% | 5.0% | 452,559 | 1,671,730 | $35.60 | |
| B | 70 | 4,426,517 | 442,448 | 10.0% | 10.7% | 8.1% | -115,935 | 762 | $24.66 | |
| C | 5 | 338,038 | 1,000 | 0.3% | 0.3% | 0.3% | 0 | 0 | $19.80 | |
| Total | 107 | 14,016,310 | 877,577 | 6.3% | 6.9% | 5.9% | 336,624 | 1,672,492 | $30.28 | |
See The Woodlands Office Research Snapshot 2Q 2015 (PDF) for the full report.
Free and easy data? See more quarterly reports under Houston Market Research under Office.
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