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Apr 22, 2024 · The Q1 2024 Houston office market report reflects a couple significant changes. Colliers now includes statistics on competitive, general-purpose, multi- and single-tenant office buildings 20,000 square feet or greater, excluding buildings 75% or more occupied by the owner.
Jan 17, 2024 · Market Fundamentals. Net absorption reversed third quarter’s negative course to record positive absorption for both the fourth quarter and the year. New supply has been limited but popular for those seeking quality space while overall leasing activity experienced a slowdown.
- Houston Office Market
- Houston Coworking Space Market
- Houston Industrial Market
- Houston Retail Space Market Trends
- Influence of Employment Figures
- Outlook For Houston’s Office Market
Latest data from Q2 2022 shows Houston’s total office space inventory at 349.5 million square feet, a significant bump in supply from the mid-2021 figure of 173 million square feet. Despite the increase in stock, there have finally been gains in occupancy, with Q1 signalling this healthy marker for the first time since the start of the pandemic. Th...
Flexible occupancy has reached 40% in Houston, despite much of the rest of the U.S. still showing only piecemeal returns to the office. This is most likely due to Houston’s suburban and car-centric infrastructure which, similar to Dallas, has helped encourage roadway commutes – as workers in more densely populated cities still show hesitancy to com...
The amount of industrial real estate under construction in the Greater Houston area has increased since Q1 2022, with take-up continuing to outpace new project openings in Q2. This disparity between higher demand against slower product deliveries has pushed total industrial space vacancy under 6%, which hasn’t been achieved since pre-pandemic 2018....
Across the U.S., brick and mortar retail spaces have continued to make significant gains on e-commerce. This is likely due to the lingering novelty of in-person shopping, which was heavily restricted during COVID-19. The continued and future-proofing optimism for physical shopping is especially evident in Houston, which tops out the country for the...
Houston has recouped all the jobs it lost during the epidemic, and has surpassed pre-COVID employment levels. This has been achieved by the addition of 397,000 non-farm positions since April 2020, for a gain of 38,000 jobs compared to February 2020. In May 2022, Houston’s non-seasonally adjusted unemployment rate was 4.3%, already 1.2% lower than J...
Houston’s office space market didn’t do as well in Q2 2022 as was forecasted from some quarters and pundits, mostly because firms are worried about a potential recession and another COVID outbreak, which caused resistance in terms of lease signing and other longer-term financial decisions. Even though things look good for job growth in Houston, the...
Average office rent in Houston rested at $31.12 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Houston averaged $36.01 per square foot.
Jul 5, 2024 · Summary and analysis of Houston's current economic and office real estate market conditions. Download our quarterly insights to learn about the basic fundamentals of the Houston office market as well as major activity impacting the market and an outlook for the near future.
Get in-depth office market reports and insights from commercial real estate experts in the Greater Houston area. Avison Young advisors look at Houston commercial real estate activities and the latest Houston statistics to provide you expert market research on Houston's office properties.
People also ask
How many commercial real estate listings are available for rent in Houston?
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You can search 7,424 commercial real estate space listing(s) currently available for rent in Houston, TX, which represents a total of 110,716,174 square feet. Leasing opportunities here include 5,570 office listing(s), 691 industrial and warehouse listing(s), 1,066 retail space listing(s), and more.
