The Houston Office market ended the 4th Qtr. 2020 with a vacancy rate of 19.6%, compared to a vacancy rate of 18.8% in the previous quarter. Net absorption totaled negative 176,547 square feet in the 4th Qtr. Rental rates ended the quarter at $37.94, an increase from $31.62 in the previous quarter. No buildings were delivered to the market in the 4th Qtr. There was 70,000 square feet of office space under construction at the end of the 4th Qtr. 2020.
Source: CoStar