The Houston Office market ended the 3rd Qtr. 2020 with a vacancy rate of 18.5%, compared to a vacancy rate of 16.3% in the previous quarter. Net absorption totaled negative 1,290,163 square feet in the 3rd Qtr. Rental rates ended the quarter at $31.62, an increase from $29.07 in the previous quarter. A total of 8 buildings totaling 272,995 square feet were delivered to the market in the 3rd Qtr. There was 4,125,671 square feet of office space under construction at the end of the 3rd Qtr. 2020.