Houston Gateway to office stats 2Q 2015 | Houston Gateway to office stats 2Q 2015 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=89 | 2015-08-21T05:00:00Z | 2015-08-21T00:00:00Z |
HOUSTON - Commercial Gateway, the commercial division of the Houston Association of Realtors (HAR), has released its area office reports for 2Q 2015.
Houston Area Office Market Summary 2Q 2015*
Market
Area |
Bldg.
SF** |
Vacancy
Rate |
Net Absorp.
YTD |
Under
Const. |
Wtd.
Avg.
Rent*** |
Suburban |
169,189,585 |
13.2% |
2,471,980 |
9,449,610 |
$24.58 |
CBD |
40,315,042 |
9.0% |
-283,197 |
1,525,000 |
$36.90 |
Uptown |
28,932,922 |
12.8% |
-413,210 |
1,383,824 |
$33.48 |
Inner Loop |
25,081,447 |
10.0% |
-519,250 |
1,025,151 |
$26.76 |
Energy
Corridor |
18,832,381 |
9.8% |
165,419 |
1,965,701 |
$28.78 |
Houston-Area
Total |
209,504,627 |
12.4% |
2,188,783 |
10,974,610 |
$26.49 |
*Top five markets ranked by SF.
**Includes all general-purpose existing industrial buildings 20,000 sf or larger.
***Rental rates are weighted and averaged based on available space.
Source: Commercial Gateway
Also see Houston Market Research with quarterly reports and Houston NewsTalk.
| Houston Association of Realtors
| Houston-The Woodlands-Sugar Land
| Office
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