The Houston Office market ended the first quarter 2019 with a vacancy rate of 16.1%. There was no variance from fourth quarter 2018. Net absorption totaled positive 433,278 square feet in the first quarter. Rental rates ended the first quarter at $29.12, a slight increase from $28.66 in the previous quarter. A total of 26 buildings totaling 309,116 square feet were delivered to the market in the first quarter. There was 3,698,122 square feet of office space under construction at the end of the first quarter 2019.