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Q4 2014 Houston Office Market Research & Forecast Report

01/09/2015
Published By: Hannah.tysor@colliers.com

Houston’s Office Market Records 6.8M SF of Positive Net Absorption in 2014

Houston’s office market posted 2.2M SF of positive net absorption in Q4 2014, bringing the year-end total to 6.8M SF.
Over 2.1M SF of new inventory delivered during Q4, bringing 2014 year-end delivered inventory to over 6.6M SF. ExxonMobil began moving into a portion of its new north campus and Southwestern Energy moved into it’s new corporate headquarters just south of the ExxonMobil campus.

 

Houston’s office construction pipeline still contains over 17.0M SF and 7.5M SF of that is speculative development which is 28.8% pre-leased. The majority of the space is located in the suburban submarkets and is scheduled to deliver in 2015.
Release Date01/08/2015 - 08:00

Source

Colliers International

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