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