Oct 9, 2014
Transwestern Houston Office Market Watch Sept. 2014
HOUSTON - Transwestern has released their Market Watch for Houston Office Sept. 2014. Here's the latest: *Top five submarkets ranked by SF under construction. **Total includes all 15 submarkets.
HOUSTON – Transwestern has released their Market Watch for Houston Office Sept. 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 | 193 | 1,412,594 | 5.0% | 5,355,552 | $35.49 | $22.81 |
| Woodlands/Conroe | 90 | 520,745 | 8.2% | 4,639,102 | $32.48 | $25.97 |
| Westchase | 85 | 1,241,229 | 8.7% | 1,923,992 | $37.07 | $20.85 |
| Downtown | 117 | 4,204,382 | 8.8% | 1,626,638 | $41.62 | $27.66 |
| Northwest | 96 | 1,429,703 | 12.5% | 1,079,973 | $27.10 | $20.24 |
| Total** | 1,264 | 20,911,380 | 9.8% | 17,065,293 | $34.65 | $20.77 |
*Top five submarkets ranked by SF under construction.
**Total includes all 15 submarkets.
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