Studley's Heidi Learner compared Houston and NYC's office pipelines. Houston has 11M SF under construction (75% pre-leased) and NYC 11.5M (47% pre-leased). The remaining space is equal to 1.1% of the total office stock in each market, she says, but the big difference is in each city's ability to absorb. Houston sponged up 1.3% in the past 12 months and NYC only 0.6%. Touche, Texans. Take it easy on us, though. Only you can sympathize with what it's like to be burned by A-Rod.
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