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. 2018
- RSF
- 326,424,477
- Direct Vacancy
- 48,050,304 SF
- Total Availability
- 53,957,204 SF
- YTD
- (1,146,067) SF
- Avg. Rent
- $27.60 PSF
The Houston Office market ended the second quarter 2018 with a vacancy rate of 16.5%. The vacancy experienced a slight decrease over first quarter 2018, with a vacancy rate of 16.7%. Net absorption totaled positive 202,720 square feet in the second quarter. Rental rates ended the second quarter at $27.60, a decrease of 0.5% from the previous quarter. A total of 19 buildings were delivered to the market in the quarter, totaling 290,599 square feet, with 2,659,246 square feet still under construction at the end of the quarter.
Source: CoStar
Houston Office Market – 1st Qtr. 2018
- RSF
- 325,901,554 SF
- Direct Vacancy
- 47,809,867 SF
- Total Availability
- 54,406,840 SF
- YTD
- (1,105,254) SF
- Avg. Rent
- $27.73 PSF
The Houston Office market ended the first quarter 2018 with a vacancy rate of 16.7%. The vacancy experienced a slight increase over fourth quarter 2017, with a vacancy rate of 16.2%. Net absorption totaled negative 1,105,254 square feet in the first quarter. Rental rates ended the first quarter at $27.73, an increase of 0.4% from the previous quarter. A total of 22 buildings were delivered to the market in the quarter, totaling 616,039 square feet, with 2,137,904 square feet still under construction at the end of the quarter.
Source: CoStar
Houston Office Market – 4th Qtr 2017
- RSF
- 306,857,949 SF
- Direct Vacancy
- 44,851,815 SF
- Total Availability
- 50,017,261 SF
- YTD
- (1,754,496) SF
- Avg. Rent
- $27.76 PSF
The Houston Office market ended the fourth quarter 2017 with a vacancy rate of 16.3%. The vacancy decreased over the previous quarter, with net absorption totaling negative 1,754,496 square feet in the fourth quarter. Rental rates ended the fourth quarter at $27.76, an increase of 0.7% from the previous quarter. A total of 16 buildings were delivered to the market in the quarter, totaling 636,600 square feet, with 2,479,402 square feet still under construction at the end of the quarter.
Source: CoStar
Houston Office Market – 3rd Qtr 2017
- RSF
- 306,029,167 SF
- Direct Vacancy
- 44,593,881 SF
- Total Availability
- 50,245,995 SF
- YTD
- (2,768,180) SF
- Avg. Rent
- $27.60 PSF
The Houston Office market ended the third quarter 2017 with a vacancy rate of 16.4%. The vacancy increased over the previous quarter, with a net absorption totaling negative 758,963 square feet in the third quarter. Rental rates ended the third quarter at $27.60, a 0.3% decrease from the previous quarter. A total of 11 buildings were delivered to the market in the quarter, totaling 209,846 square feet, with 350,424 square feet still under construction at the end of the quarter.
Source: CoStar
Houston Office Market – 2nd Qtr 2017
- RSF
- 305,191,135 SF
- Direct Vacancy
- 44,022,754 SF
- Total Availability
- 49,137,334 SF
- YTD
- (196,250) SF
- 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