The Houston office market ended the 1st Qtr. 2021 with a vacancy rate of 18.7%, compared to a vacancy rate of 18.1% in the previous quarter. Net absorption totaled negative 408,633 square feet in the 1st Qtr. Rental rates ended the quarter at $28.98, a decrease from $29.57 in the previous quarter. There was 681,823 square feet delivered to the market 6,403,348 square feet under construction at the end of the 1st Qtr. 2021.