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Supply of Sublease Space Up 61 Percent in Houston

by Kathryn June Ryan

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Creative Commons: Eflon: https://commons.wikimedia.org/wiki/File:Houston_night.jpg

According to NAI Partners of Houston, the downsizing in the energy industry has caused the available sublease space in the Houston office market to rise 61 percent in only one year.

The sublease space is concentrated primarily in West Houston, which includes the Energy Corridor, Westchase and the Katy area.

Houston has 7.7 million square feet of sublease space available in Class A and B combined, double the historic average of 3.3 million square feet. This is double the historic average of 3.3 million square feet.

The west Houston office market is constantly shrinking as energy companies let employees go. According to Dan Boyles, a partner of NAI Partners, other sublease space has appeared because companies have moved into new office buildings, leaving vacant space behind

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