The Houston Office market ended the third quarter 2019 with a vacancy rate of 16.7%. This was an increase from second quarter that ended with a vacancy of 16.1%. Net absorption totaled negative 604,587 square feet in the third quarter. Rental rates ended the quarter at $29.06, a slight decrease from $29.17 in the previous quarter. A total of 16 buildings totaling 248,567 square feet were delivered to the market in the third quarter. There was 3,985,330 square feet of office space under construction at the end of the third quarter 2019.