Houston Office Space

Market Report: Houston’s Office Sublease Market

September 11, 2009

How Big is Houston’s Sublease Market? There is no question that in recent months, I see  a new office sublease listing come across my email almost daily. The good news is Houston has much less sublease inventory than other major markets such as New York, Chicago and Los Angeles, which only speaks volumes to the fact [...]

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Shell to take Reliant Resources Sublease Space in Houston CBD?

September 6, 2009

Chalk this one up as a market rumor but the buzz on the street is Shell Energy is taking the Reliant Resources sublease space at 1000 Main in Houston’s Central Business District in a consolidation of employees currently housed in Two Houston Center and Penzoil Place. Reliant Resources currently has 407,000 square feet of sublease space on the market in the 837,000 [...]

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Market Report: Houston Class A Office Buoys Market in Q2’09

September 6, 2009

Houston’s office market recorded stronger leasing and sales activity in the second quarter of 2009 compared to the first quarter, even as year-over-year vacancy increases and negative net absorption prevailed citywide. In sharp contrast to the previous office market downturn of 2001-2002 when the local Class A office sector was severely battered by the implosion [...]

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