Research

For Houston commercial real estate, there is no substitute for accurate and timely market intelligence. Lincoln Property Company’s in-house Appraisal and Research departments advise clients on the constantly changing commercial real estate environment, helping them make quick market decisions, or plan long-term strategy. Please contact us to receive a copy of our marketing materials, or to discuss the Houston commercial real estate market today.

Houston Office Market - 2nd Qtr 2017

RSF
305,191,135
Direct Vacancy
44,022,754 SF
Total Availability
49,137,334 SF
YTD
(196,250)
Avg. Rent
$21.60 PSF

The Houston Office market ended the second quarter 2017 with a vacancy rate of 16.1%. The vacancy increased over the previous quarter, with net absorption totaling negative 609,626 square feet in the second quarter.  Rental rates ended the second quarter at $27.70, a decrease of 0.5% from the previous quarter. A total of 19 buildings were delivered to the market in the quarter, totaling 350,424 square feet, with 3,096,080 square feet still under construction at the end of the quarter.

Source: CoStar

Houston Office Market - 1st Qtr 2017

RSF
305,337,297 SF
Direct Vacancy
43,291,037 SF
Total Availability
48,207,381 SF
YTD
(751,841) SF
Avg. Rent
$27.56

The Houston Office market ended the first quarter 2017 with a vacancy rate of 15.8%. The vacancy increased over the previous quarter, with net absorption totaling negative (751,841) square feet in the first quarter.  Rental rates ended the first quarter at $27.56, a slight increase from $27.52 in the previous quarter. A total of 19 buildings were delivered to the market in the quarter, totaling 1,921,321 square feet, with 2,288,834 square feet still under construction at the end of the quarter.

Source – CoStar

Houston Office Market - 4th Qtr. 2016

RSF
304,100,825
Direct Vacancy
41,059,915
Total Availability
45,832,496
YTD
(241,285)
Avg. Rent
$27.52

The Houston Office market ended the fourth quarter 2016 with a vacancy rate of 15.1%. The vacancy increased over the previous quarter, with net absorption totaling negative (240,794) square feet in the fourth quarter.  Rental rates ended the fourth quarter at $27.52, a decrease of 1.1% from the previous quarter. A total of 14 buildings were delivered to the market in the quarter, totaling 100,714 square feet, with 3,976,899 square feet still under construction at the end of the quarter.

Source: CoStar

Houston Office Market - 3rd Qtr. 2016

RSF
304,382,325
Direct Vacancy
39,915,461
Total Availability
44,825,225
YTD
1,282,583
Avg. Rent
$27.69

The Houston Office market ended the third quarter 2016 with a vacancy rate of 14.7%. The vacancy increased over the previous quarter, with net absorption totaling negative (150,927) square feet in the third quarter.  Rental rates ended the third quarter at $27.69, a decrease of $.01 from the previous quarter. A total of 19 buildings were delivered to the market in the quarter, totaling 1,696,155 square feet, with 3,917,542 square feet still under construction at the end of the quarter.

Source: CoStar

Houston Office Market - 2nd Qtr 2016

RSF
302,622,968 SF
Direct Vacancy
39,203,166 SF
Total Availability
42,647,435 SF
YTD
1,595,224 SF
Avg. Rent
$27.70

The Houston Office market ended the second quarter 2016 with a vacancy rate of 14.1%. The vacancy increased over the previous quarter, with net absorption totaling positive 1,656,940 square feet in the second quarter.  Rental rates ended the second quarter at $27.70, a decrease of 1.3% from the previous quarter. A total of 17 buildings were delivered to the market in the quarter, totaling 2,441.253 square feet, with 4,308,278 square feet still under construction at the end of the quarter.

Source: CoStar