PMRG: Houston office Market at a Glance 2Q 2018

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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.

Leasing activity has increased 16.9 million sf over the trailing 12 months, which is up 11.3 percent over its cyclical low in 2016.
08 August 2018, 08:02

Source: NewsTalk Texas RSS

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