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The Houston office market ended the 2nd Qtr. 2021 with a vacancy rate of 18.9%, compared to a vacancy rate of 18.7% in the previous quarter.  Net absorption totaled positive 249,984 square feet in the 2nd Qtr.  Rental rates ended the quarter at $28.86, compared to $28.98 in the previous quarter.  There was 1,446,233 square feet delivered to the market and 5,294,914 square feet under construction at the end of the 2nd Qtr. 2021.

 

Source: CoStar

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