The Houston office market ended the 3rd Qtr. 2022 with a vacancy rate of 18.9%, compared to a vacancy rate of 19.1% in the previous quarter. Net absorption totaled positive 638,000 square feet as of 3rd Qtr. 2022. Rental rates ended the quarter at $28.76, compared to $28.51 in the previous quarter. There was a total of 66,277 square feet delivered to the market and 5,039,834 square feet under construction in the 3rd Qtr. 2022.