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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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  2. Jan 17, 2024 · Houston’s office market posted positive net absorption of 753,312 SF during the fourth quarter, reversing the negative totals from the third quarter and ending 2023 with a positive 301,014 SF. The overall average vacancy rate decreased marginally to 22.5% from 22.6% the previous quarter.

    • Q2 2022

      Houston’s office market posted negative net absorption in Q2...

  3. Apr 22, 2024 · Houston’s key office market fundamentals reported sliding trends at all levels during the first quarter while Skanska completed its newest 386,323-square-foot building, 1550 on the Green, in the Central Business District (CBD).

    • how popular is office space in houston today1
    • how popular is office space in houston today2
    • how popular is office space in houston today3
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  4. Jan 27, 2024 · 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.

  5. 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.

  6. Office market fundamentals are gradually improving as the top end of the market continues to lead in the recovery. Over 479k square feet (sf) of Trophy space was absorbed in Q1 2024, while the overall market saw a modest net absorption gain of 66k sf.

  7. 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.

  8. Jul 10, 2022 · Houston’s office market posted negative net absorption in Q2 2022, recording -224,211 square feet. The overall average vacancy rate rose marginally by 10 basis points between quarters from 23.4% to 23.5%. Office inventory remained unchanged, as no new inventory was added and there is 2.0 million SF of office space under construction.

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