The Houston Office market ended the 2nd Qtr. 2020 with a vacancy rate of 16.3%, compared to a vacancy rate of 16.8% in the previous quarter. Net absorption totaled negative 921,527 square feet in the second quarter. Rental rates ended the quarter at $29.07, a slight increase from $28.95 in the previous quarter. A total of 27 buildings totaling 623,149 square feet were delivered to the market in the second quarter. There was 5,749,950 square feet of office space under construction at the end of the second quarter 2020.
Source: CoStar