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United States | Houston, TX

Report | Houston Office Insight - Q2 2016

Summary

With turbulence from worldwide energy markets continuing to reverberate across the greater Houston area, a glut of sublease space remains on the market. As of Q2, the current sublease inventory stands at more than 10.8 million square feet.

The majority of developers in Houston are reacting to increased vacancies by tabling plans for future projects until preleasing requirements are met. Over 1.0 million square feet delivered in the first half of 2016 without preleasing commitments.

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