The Houston Office market ended the fourth quarter 2017 with a vacancy rate of 16.3%.  The vacancy decreased over the previous quarter, with net absorption totaling negative 1,754,496 square feet in the fourth quarter.  Rental rates ended the fourth quarter at $27.76, an increase of 0.7% from the previous quarter.  A total of 16 buildings were delivered to the market in the quarter, totaling 636,600 square feet, with 2,479,402 square feet still under construction at the end of the quarter.

Source: CoStar

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