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60%
- Workplace occupancy stands at 60% in Houston, one of the highest rates within primary office markets according to Kastle occupancy data.
www.houston.org/houston-data/office-vacancy-rates
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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.
Jul 9, 2024 · Top tier office demand continued as new construction availability tightened, only one project at 308.0k sq. ft. (68.2% preleased) of Class A space is currently in the development pipeline.
Jan 27, 2024 · The Verdict: Houston’s office space market is at a crossroads. While challenges like high vacancy rates and sluggish leasing activity persist, there are positive signs that shouldn’t be ignored. The city’s economic growth, coupled with its affordability, paints a hopeful picture for the future.
Jan 17, 2024 · Larger blocks of newer, quality space are becoming limited in several submarkets and only two Class A office buildings 100.000+ square feet are currently underway. West Houston’s Katy Freeway submarket led all leasing activity in 2023, accounting for 2.8 million square feet, or 29%.
Oct 3, 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.
Oct 11, 2023 · The return-to-office trend has stabilized at 60% for Houston, which is the highest percentage of all cities cited in the Kastle Index. Another trend in Houston is the continued reduction of tenants’ footprints as they determine their space needs, especially within the Central Business District.
Houston’s economy is coming off a remarkable year with record job growth in 2022, but the office market fundamentals remain soft as there remains a disconnect between office-using job growth and space demand as flexible work has changed how companies and employees use office space.