The Houston office market ended the 2nd Qtr. 2022 with a vacancy rate of 19.1%, compared to a vacancy rate of 18.8% in the previous quarter. Net absorption totaled positive 68,368 square feet in the 2nd Qtr. Rental rates ended the quarter at $28.51, compared to $28.90 in the previous quarter. There was a total of 56,384 square feet delivered to the market and 4,723,978 square feet under construction in the 2nd Qtr. 2022.