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