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

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