Monthly Market Snapshot

Houston Office

Monthly Market Snapshot


MAY 2017

Market Highlights

Net absorption is at negative 489,000 sq. ft. year-to-date 2017, following negative 1.5 million sq. ft. for 2016.

The construction pipeline is at 2.6 million sq. ft. year-to-date, including 1.1 million sq. ft. of construction starts in 2017. Most recently started construction includes Capitol Tower, a 35-story, 778,344-sq.-ft. Class A office building scheduled to deliver in June 2019.

Over 1.3 million sq. ft. of the 2.6 million sq. ft. currently under construction is set to deliver in 2017, of which 35% is pre-leased.

Quarterly construction numbers in 2017 are at their lowest levels in five years, and well below the almost 7.0 million-sq.-ft. five-year quarterly average, easing some of the supply side troubles the market has been facing.

Sublease inventory tapered down for the second consecutive quarter; 11.1 million sq. ft. remains available for lease. Total vacancy is currently down 20 basis points to 19.9% from the end of the first quarter.

Leasing activity has declined from its five-year quarterly average of 4.8 million sq. ft. in each of the past five quarters, and stands at about 1 million sq. ft. quarter-to-date.

Research Snapshot Houston Office

Research Snapshot Houston Office

 

Research Snapshot Houston Office

 

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

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Quarterly Reports

HOUSTON

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

Q2 2017 Retail Market Report

SAN ANTONIO

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

AUSTIN

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

 

Industrial Submarket Spotlight

Houston Northwest Submarket July 2017

Houston Southeast Submarket June 2017

 

Office Submarket Spotlight

San Antonio Northwest Submarket August 2017

 

Sublease Digest

Houston Office July 2017

Houston Office June 2017

Houston Office May 2017

Houston Office April 2017

Houston Office March 2017

Houston Industrial March 2017

 

Monthly Snapshots

HOUSTON

Houston Office August 2017

Houston Industrial August 2017

Houston Retail June 2017

AUSTIN

Austin Office June 2017

Austin Industrial June 2017

SAN ANTONIO

San Antonio Office June 2017

San Antonio Industrial June 2017

 

Market Insight

Market Insight

 

Monthly Snapshots (Historical)

 

Houston Office June 2017

Houston Industrial June 2017

Houston Retail May 2017

Houston Retail March 2017

Houston Office March 2017

Houston Industrial March 2017

 

San Antonio Office May 2017

San Antonio Industrial May 2017

 

Austin Office May 2017

Austin Industrial May 2017

 

Data InSight

Data InSight

 

Quarterly Reports (Historical)

HOUSTON

Q1 2017 Office Market Report

Q1 2017 Industrial Market Report

Q4 2016 Office Market Report

Q1 2017 Retail Market Report

 

SAN ANTONIO

Q1 2017 Office Market Report

 

​Q1 2017 Industrial Market Report

AUSTIN

Q1 2017 Office Market Report

Q1 2017 Industrial Market Report

 

SoundBytes

May 22, 2017

May 11, 2017

April 20, 2017

March 28, 2017

 

Resources

I-35 Corridor Activity Map

The New #CREcosystem Refresh - featuring contributions from Larry Koestler, VP of Marketing