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:


Disclaimer: All blog entries on this site are the opinion of the author and not those of either Colliers International - Houston or Colliers International (collectively, "Colliers"). Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers. Colliers has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers. Colliers is not responsible for the monitoring or filtering of any blog, nor does Colliers claim ownership or control over any blog content.