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 3RD QTR. 2020

RSF
220,690,231 SF
Direct Vacancy
38,287,478 SF
Total Availability
49,896,418 SF
YTD
(1,290,163) SF
Avg. Rent
$31.62 PSF

The Houston Office market ended the 3rd Qtr. 2020 with a vacancy rate of 18.5%, compared to a vacancy rate of 16.3% in the previous quarter.  Net absorption totaled negative 1,290,163 square feet in the 3rd Qtr.  Rental rates ended the quarter at $31.62, an increase from $29.07 in the previous quarter.  A total of 8 buildings totaling 272,995 square feet were delivered to the market in the 3rd Qtr.  There was 4,125,671 square feet of office space under construction at the end of the 3rd Qtr. 2020.

Source: CoStar

HOUSTON OFFICE MARKET 2nd QTR. 2020

RSF
333,863,511
Direct Vacancy
54,517,222
Total Availability
57,617,496
YTD
(921,527)
Avg. Rent
$29.07

The Houston Office market ended the 2nd Qtr. 2020 with a vacancy rate of 16.3%, compared to a vacancy rate of 16.8% in the previous quarter.  Net absorption totaled negative 921,527 square feet in the second quarter.  Rental rates ended the quarter at $29.07, a slight increase from $28.95 in the previous quarter.  A total of 27 buildings totaling 623,149 square feet were delivered to the market in the second quarter.  There was 5,749,950 square feet of office space under construction at the end of the second quarter 2020.

Source: CoStar

HOUSTON OFFICE MARKET 1st QTR. 2020

RSF
332,856,684 SF
Direct Vacancy
52,500,803 SF
Total Availability
55,801,693 SF
YTD
4,546 SF
Avg. Rent
$28.95

The Houston Office market ended the Qtr. 1 2020 with a vacancy rate of 16.8%, compared to a vacancy rate of 16.6% in the previous quarter.  Net absorption totaled positive 4,546 square feet in the first quarter.  Rental rates ended the quarter at $28.95, a slight decrease from $29.42 in the previous quarter.  A total of 48 buildings totaling 641,734 square feet were delivered to the market in the first quarter.  There was 5,132,284 square feet of office space under construction at the end of the first quarter 2020.

Source: CoStar

HOUSTON OFFICE MARKET 4th QTR. 2019

RSF
332,324,069
Direct Vacancy
51,587,328 SF
Total Availability
55,273,624 SF
YTD
(848,493) SF
Avg. Rent
$29.42

The Houston Office market ended the fourth quarter 2019 with a vacancy rate of 16.6%, compared to a vacancy rate of 16.7% in the previous quarter.  Net absorption totaled positive 848,493 square feet in the fourth quarter.  Rental rates ended the quarter at $29.42, a slight increase from $29.06 in the previous quarter.  A total of 18 buildings totaling 284,139 square feet were delivered to the market in the fourth quarter.  There was 5,318,848 square feet of office space under construction at the end of the fourth quarter 2019.

Source: CoStar

HOUSTON OFFICE MARKET 3rd QTR. 2019

RSF
332,180,812
Direct Vacancy
52,406,538
Total Availability
55,987,860
YTD
(604,587)
Avg. Rent
$29.06

The Houston Office market ended the third quarter 2019 with a vacancy rate of 16.7%.  This was an increase from second quarter that ended with a vacancy of 16.1%.  Net absorption totaled negative 604,587 square feet in the third quarter.  Rental rates ended the quarter at $29.06, a slight decrease from $29.17 in the previous quarter.  A total of 16 buildings totaling 248,567 square feet were delivered to the market in the third quarter.  There was 3,985,330 square feet of office space under construction at the end of the third quarter 2019.

Source: CoStar

Pin It on Pinterest