The Houston office market ended the 4th Qtr. 2021 with a vacancy rate of 19.2%, compared to a vacancy rate of 18.9% in the previous quarter. Net absorption totaled negative 522,511 square feet in the 4th Qtr. Rental rates ended the quarter at $29.03, compared to $28.98 in the previous quarter. A total of 2,124,630 square feet was delivered to the market and there was 3,899,802 square feet under construction.