The Houston Office market ended the third quarter 2017 with a vacancy rate of 16.4%. The vacancy increased over the previous quarter, with a net absorption totaling negative 758,963 square feet in the third quarter. Rental rates ended the third quarter at $27.60, a 0.3% decrease from the previous quarter. A total of 11 buildings were delivered to the market in the quarter, totaling 209,846 square feet, with 350,424 square feet still under construction at the end of the quarter.
Source: CoStar