The Houston office market ended the 1st Qtr. 2023 with a vacancy rate of 19.0%, compared to 18.8% in the previous quarter. Net absorption totaled negative 420k square feet in the 1st Qtr. Rental rates ended the quarter at $28.99, compared to $28.91 in the previous quarter. There was a total of 12,000 square feet delivered to the market and 5,296,616 square feet under construction in the 1st Qtr. 2023
Source: CoStar