Sublease Digest Houston Office

SUBLEASE DIGEST

Houston Office


MAY 2017

The Houston office sublease market showed signs of stabilization, remaining at around 11.1 million sq. ft. during 2017, marking the half-way point through the second quarter.
 

Sublease Digest Houston Office chart legend

Sublease Digest Houston Office chart

Highlights

Overall sublease space grew by only 0.7% since the end of Q1 2017, while Class B rose 8.7%. Class B sublease space being added to the market included Lloyd’s Register with 36,361 sq. ft. at 1330 Enclave Pkwy. in the Energy Corridor, along with URS Energy & Construction listing 31,350 sq. ft. at 1111 Fannin St. in the CBD.

Class A sublease space in buildings built in 2014 or newer dropped 15.4% since the end of the last quarter. The signing of 73,128 sq. ft. of Air Liquide’s sublease listing at 9807 Katy Fwy. assisted in the decrease.

There is 2.6 million sq. ft. in the construction pipeline, of which roughly 44% is pre-leased, giving some relief to the oversupply.

Reassuring indicators that the energy sector is steadying, the rig count in Texas climbed to 458, up from a low of 173 last May. U.S. crude prices have climbed above $50 per barrel.

Sublease Digest Houston Office table

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

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Special Report

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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 North Submarket September 2017

Houston Northwest Submarket July 2017

Houston Southeast Submarket June 2017

 

Office Submarket Spotlight

San Antonio Northwest Submarket August 2017

 

Sublease Digest

Houston Office August 2017

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 September 2017

Houston Industrial September 2017

Houston Retail August 2017

AUSTIN

Austin Office August 2017

Austin Industrial August 2017

SAN ANTONIO

San Antonio Office September 2017

San Antonio Industrial August 2017

 

Market Insight

Market Insight

 

Monthly Snapshots (Historical)

 

Houston Office August 2017

Houston Industrial August 2017

Houston Office June 2017

Houston Industrial June 2017

Houston Retail June 2017

Houston Retail March 2017

Houston Office March 2017

Houston Industrial March 2017

 

 

San Antonio Office August 2017

San Antonio Office June 2017

San Antonio Industrial June 2017

 

Austin Office June 2017

Austin Industrial June 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