Houston Sublease Space Slowly Disappearing

by CoyDavidson on March 21, 2011

Sublease Space is not a Significant Factor

The volume of vacant office space for sublease is slowly but steadily decreasing in a sign the Houston office is recovering albeit slowly. There was less than 2 million square feet of vacant sublease space available at the end of 2010. The five year high was 2.43 million square feet at the end of the second quarter of 2009 as compared to the 5 year low of 1.31 million square feet at the end of the first quarter of 2008. The 1.93 million square feet of vacant sublease space available at the end of 2010 represents only 1% of the total Houston office inventory.

Houston: Total Vacant Sublease Space

Source: Colliers International

Previous post:

Next post: