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.