Subscribe to Our Research Content

  • This field is for validation purposes and should be left unchanged.

Share

Houston Office Sublease Index Commercial Real Estate Data and Information Energy Corridor

Download the PDF

 

NAI Partners Sublease Index increases to 15.5% as large block of sublease space hits Energy Corridor

Houston Office Sublease Index Commercial Real Estate Data and Information Energy Corridor

Highlights

The NAI Partners Sublease Index—measured by the amount of sublease space as a percentage of total available space—increased to 15.5% in February. The Index registered 15.0% at this time last month.

The increase was due to TechnipFMC placing 375,937 sq. ft. of sublease space—the total of its lease—on the market at Energy Tower II. This brings the total amount of available sublease space back up over 9.0 million sq. ft.

Despite this bump in the road, Houston’s overall sublease market has mostly experienced a steady decline since the third quarter of 2016, when available sublease space reached a peak of 12.0 million sq. ft.

Houston Office Sublease Index Commercial Real Estate Data and Information Energy Corridor


Leta Wauson
Director of Research
leta.wauson@naipartners.com
tel 713 275 9618

We Want to Hear From You

  • This field is for validation purposes and should be left unchanged.