PMRG: Houston office Market at a Glance 2Q 2018
HOUSTON – PMRG's “Second Quarter 2018 Houston Office Market at a Glance" reveals the region’s office market fundamentals. The market remained soft with negative 798,231 sf of direct net absorption in second quarter 2018—bringing the year-to-date occupancy losses to over 1.2 million sf.
The Class A market posted 133,728 sf of occupancy losses in 2Q 2018, but recorded 586,065 sf of direct net absorption over the prior 12 months.
The Class B sector suffered 600,448 sf of occupancy losses in 2Q 2018, pushing the year-to-date total over 1.3 million sf.
Although Houston’s office market continues to be weighed down by a glut of space available, there are a few submarkets showing some signs of stabilization or improvement.
Source: NewsTalk Texas RSS
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