Jun 16, 2015
What’s in your submarket? The Woodlands 1Q 2015 Office
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....
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.
| 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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