The Houston office market ended the 4th Qtr. 2022 with a vacancy rate of 19.2%, compared to a vacancy rate of 18.9% in the previous quarter. Net absorption totaled NEGATIVE 895k square feet in the 4th Qtr. Rental rates ended the quarter at $28.91, compared to $28.90 in the previous quarter. There was a total of 301,125 square feet delivered to the market and 5,013,210 square feet under construction in the 4th Qtr. 2022.