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 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

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

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