The Houston Office market ended the second quarter 2019 with a vacancy rate of 16.7%. This was a slight increase from first quarter that ended with a vacancy of 16.1%. Net absorption totaled negative 643,897 square feet in the second quarter. Rental rates ended the second quarter at $29.17, a slight decrease from $29.12 in the previous quarter. A total of 31 buildings totaling 1,330,350 square feet were delivered to the market in the second quarter. There was 3,609,457 square feet of office space under construction at the end of the second quarter 2019.
Source: CoStar