The Houston Office market ended the fourth quarter 2019 with a vacancy rate of 16.6%, compared to a vacancy rate of 16.7% in the previous quarter. Net absorption totaled positive 848,493 square feet in the fourth quarter. Rental rates ended the quarter at $29.42, a slight increase from $29.06 in the previous quarter. A total of 18 buildings totaling 284,139 square feet were delivered to the market in the fourth quarter. There was 5,318,848 square feet of office space under construction at the end of the fourth quarter 2019.