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 1ST QTR. 2019
- RSF
- 330,489,368
- Direct Vacancy
- 49,008,662
- Total Availability
- 52,846,021
- YTD
- 64,568,217
- Avg. Rent
- $28.61
The Houston Office market ended the first quarter 2019 with a vacancy rate of 16.0%. There was no variance from fourth quarter 2018. Net absorption totaled positive 457,022s square feet in the first quarter. Rental rates ended the first quarter at $28.61, a slight increase from $28.28 in the previous quarter. A total of 24 buildings totaling 264,498 square feet were delivered to the market in the first quarter. There was 1,304,511 square feet of office space under construction at the end of the first quarter 2019.
Source: CoStar
HOUSTON OFFICE MARKET 4TH QTR. 2018
- RSF
- 328,175,609
- Direct Vacancy
- 49,116,609
- Total Availability
- 54,091,306
- YTD
- 1,327,779
- Avg. Rent
- $28.56
The Houston Office market ended the fourth quarter 2018 with a vacancy rate of 16.5%. The vacancy rate was down over third quarter 2018. Net absorption totaled positive 2,004,576 square feet in the fourth quarter. Rental rates ended the fourth quarter at $28.56, an increase of 0.1% from the previous quarter. A total of 17 buildings totaling 814,151 square feet were delivered to the market in the fourth quarter. There was 3,141,781 square feet of office space under construction at the end of the fourth quarter 2018.
Source: CoStar
HOUSTON OFFICE MARKET 3RD QTR. 2018
- RSF
- 327,592,516
- Direct Vacancy
- 48,113,591
- Total Availability
- 53,755,876
- YTD
- 1,138,149
- Avg. Rent
- $28.44 PSF
The Houston Office market ended the third quarter 2018 with a vacancy rate of 16.4%. The vacancy experienced a slight decrease over second quarter 2018, with a vacancy rate of 16.5%. Net absorption totaled positive 1,138,149 square feet in the third quarter. Rental rates ended the third quarter at $28.44, an increase of 2.0% from the previous quarter. A total of 10 buildings totaling 82,882 square feet were delivered to the market in the third quarter. There was 3,842,673 square feet of office space under construction at the end of the third quarter 2018.
Source: CoStar
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