Texas Office Market Update | Q2 2017

by CoyDavidson on August 5, 2017

The State of the Texas Office Market

Mid-Year Office Market Reports for Austin, Dallas-Fort Worth and Houston.

Austin

Austin’s Office Market Continues to Deliver As We Hit the Midyear Mark
In the second quarter of 2017, Austin’s office market saw 599,982 SF of positive net absorption. This sets the year-to-date absorption at 551,119 SF of positive net absorption. A majority of this absorption happened in class A buildings with a total of 577,789 ..SF of positive net absorption. Class B buildings in Austin saw 6,844 of negative net absorption and class C properties saw 29,037 of positive net absorption… read the full report

Dallas- Forth Worth

DFW Office Market Report Q2 2017

Optimism still high in DFW office market
The flight to quality continues to be a trend throughout the market. As the U.S. economy continues slow, steady growth tenants are taking advantage of the opportunity to restructure and refresh their space. For some, this means consolidating space in a higher-quality building by creating open office concepts or eliminating storage, causing negative market-wide absorption for Class B in the first half of the year… read the full report.

Houston

Houston office vacancy increases again over the quarter
Houston’s office market continues to struggle as global oil futures trade below $50 a barrel. With no indication that prices will rise in the immediate future, it will take a while to absorb all of the space the energy industry has placed on the market over the last few years. The good news is most of the larger office projects that were started before the oil slump have delivered, and the projects that were in the construction… read the full report.

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