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Office Insight

United States | Houston, TX

Report | Houston Office Insight - Q4 2016

Summary

For the first time since Q3 2014, Houston's sublease inventory fell in size, with three large deals leading the way. But vacancy rose as leasing activity remained weak. 

Given the lack of leasing demand, we anticipate total vacancy is likely to remain at elevated levels in 2017. Energy sector move-outs continue to place excess space on the sublease market as oil prices drive many energy tenants to reduce their headcounts.

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