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What's in your submarket? The Woodlands 1Q 2015 OfficeWhat's in your submarket? The Woodlands 1Q 2015 Officehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=7052015-06-16T06:55:00Z2015-06-16T09:00:00Z

THE WOODLANDS - Class A office rents remained flat over the quarter while Class B rents increased in the Houston submarket, according to Colliers International Market Office Snapshot 1Q 2015.

Positive net absorption and new supply reflected the continuation of ExxonMobil’s relocation into new buildings within its new campus.

Three Hughes Landing, a 12-story 321,000-sf Class A office building, is currently under construction and is projected to deliver in November 2015.

The Woodlands Office Snapshot 1Q 2015
  Inventory Direct
Vacancy
Vacancy
Rate
Net
Absorption
(SF)
Rental
Rate
Class Bldgs. Total (SF) SF Rate 1Q 2015 4Q 2014 1Q 2015 4Q 2014 Avg. (SF)
A 32 8,891,122 385,151 4.3% 4.9% 7.1% 1,671,730 1,621,957 $34.68
B 71 4,353,344 373,792 8.6% 9.0% 9.1% 2,860 -10,689 $24.60
C 5 338,038 1,000 0.3% 0.3% 0.3% 0 0 $19.80
Total 108 13,582,504 759,943 5.6% 6.1% 7.8% 1,674,590 1,611,268 $29.51


See The Woodlands Research Snapshot 1Q 2015 (PDF) for the full report.

Free and easy data? See Houston Market Research under Office.

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http://www.colliers.com/-/media/files/marketresearch/unitedstates/markets/texas/the%20woodlands/thewoodlands_q12015_office_market_snapshot.pdfRead more at {Source}

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