Houston office sector: increasing vacancy, leasing volumeHouston office sector: increasing vacancy, leasing volumehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=205952018-07-17T05:00:00Z2018-07-17T23:25:00Z

Availability Rate Comparison: Houston SubmarketsGREATER HOUSTON – Although deal volume is up slightly in region’s office market, the sector's vacancy and sublease rates are continuing to creep upward, according to Savills Studley's “Houston Office Sector Report: 2Q 2018.”

The area’s overall office market vacancy rate increased to 28.2 percent in 2Q 2018, a modest increase from first-quarter's rate of 27.7 percent.

That is only a 1.8 percent increase in availability, which is promising, since the amount of leasing volume increased 6.7 percent quarter-over-quarter to 3.2 million sf.

Currently 9.5 million sf of sublease space is available in Houston.

The availability of Houston office space exceeds 20 percent in most submarkets, as energy companies continue to reshuffle their footprints and either downsize or relocate to newer office space.

Houston Business Journal
Houston-The Woodlands-Sugar Land

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