Houston Office Sublease Market Update

by CoyDavidson on February 11, 2010

No Significant Shift in Sublease Market

Exactly five months ago I reported on Houston’s office sublease market taking a look at the volume of sublease space available in the marketplace as well as the distribution of available sublease space throughout Houston’s various submarkets. In summary, the office sublease market has not experienced any substantial change over the past five months. I view this as evidence the bleeding has stopped and while there are no strong signs a market recovery is imminent, it is a solid indicator the Houston office market has stabilized.

Available Sublease Space by Class:  Sept-09 / Feb-10

  • All Classes: 5,093,548 sf / 5,029,376 sf
  • Class A: 3,291,001 sf / 3,031,659 sf
  • Class B: 1,687,470 sf / 1,925,609 sf
  • Class C: 115,077 sf / 72,198 sf

Sublease Space by Market Area

Larges Available Office Sublease Listings

RRI Energy Plaza / 1000 Main Street

Three Allen Center / 333 Clay

CityWest Place / 2103 CityWest Blvd.

Southwest Corporate Center / 9700 Bissonnet Street

5 Greenway Plaza

2929 Allen Parkway

1600 Park Row

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