The Houston Office market ended the second quarter 2017 with a vacancy rate of 16.1%. The vacancy increased over the previous quarter, with net absorption totaling negative 609,626 square feet in the second quarter.  Rental rates ended the second quarter at $27.70, a decrease of 0.5% from the previous quarter. A total of 19 buildings were delivered to the market in the quarter, totaling 350,424 square feet, with 3,096,080 square feet still under construction at the end of the quarter.

Source: CoStar

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