Tenants' Turn
February 6, 2014

Tim Wingfield

Houston's office construction boom is swinging us back toward a tenant's market, says Studley regional research manager Tim Wingfield. That's largely thanks to increasing availability. Vacant Class-A big blocks (over 50k SF) increased 19% to 57 from Q3 to Q4 alone; 26% of that is from new construction, and 23% are sublets. Overall availabilities grew 2.1% year-over-year market-wide. There's been some steady movement from users--Tim says there will be 71 moves of 50k SF or larger between 2012 and 2014—but overall leasing dropped nearly 27% in Q4 to 3.2M SF.

Tenants' Turn

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