Demand for Office Space Remains Solid
The Houston Office Market exhibited another strong quarter in Q3 as leasing velocity remained steady and investments sales increases slightly. Here is a recap of the more significant office lease and sales transactions.
Houston’s office leasing activity reached 2.6 million SF in the third quarter, pushing the year-to-date total to over 9.75 million SF. Below is a list of the significant 3Q 2012 lease transactions.
Houston’s office investment sales activity increased between quarters with 21 properties changing hands, compared to 15 in the previous quarter. According to CoStar Comps, Houston office sales transactions had a total dollar volume of $1.2 billion, averaging $228 per square foot. Some of the more significant transactions that closed during the third quarter are listed below.
Read the complete 3Q-12 Houston Office Market Report.