The Houston Office market ended the second quarter 2018 with a vacancy rate of 16.5%. The vacancy experienced a slight decrease over first quarter 2018, with a vacancy rate of 16.7%. Net absorption totaled positive 202,720 square feet in the second quarter. Rental rates ended the second quarter at $27.60, a decrease of 0.5% from the previous quarter. A total of 19 buildings were delivered to the market in the quarter, totaling 290,599 square feet, with 2,659,246 square feet still under construction at the end of the quarter.