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Colliers: Houston Research Office Report 2Q 2015Colliers: Houston Research Office Report 2Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3982015-07-14T08:53:00Z2015-07-14T00:00:00Z

HOUSTON - Houston’s office investment sales activity included an average price per sf of $222 and an average cap rate of 6.87 percent, according to Colliers 2Q Office report.

Houston Office 2Q 2015 Summary Statistics
  2Q 2015 1Q 2015 2Q 2014
Vacancy Rate 14.1% 13.0% 11.6%
Net Absorption
(million sf)
-0.5 0.2 1.8
New Construction
(million sf)
2.1 3.5 1.4
Under Construction
(million sf)
12.3 13.3 17.8


Listed below are a few significant transactions that closed in 2Q 2015.

2Q 2015 Significant Sales Transactions
Building Name Submarket RBA
(SF)
Buyer Sales
Price
$/SF
Westgate II & III
17320 Katy Fwy and
17325 Park Row
Katy Freeway 412,173 Griffin Capital Essential
Asset REIT Inc
$134M $325
801 Travis CBD 220,380 LPC Realty Advisors I, Ltd $46.3M $210
Mason Creek I
21420 Merchants Way
Katy Freeway 135,716 Nicola Crosby
Real Estate Investments
$38.5M $284
400 North Belt
400 N Sam Houston
Pky E
North Belt 234,147 Hartman Short Term
Income Properties XX Inc
$10.1M $43


Source: Colliers

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