Houston office insight - Q2 2018

While the demand side continues to beset the market with excess space, the supply side remains a relative non-factor. The development pipeline currently stands at just under 1.5 million square feet, which is well below the market’s long-term average of 4.3 million square feet. Additionally, 2018 is on course to be the market’s lightest year in terms of new development since 2010 with only 176,000 square feet of new deliveries year-to-date and only 503,000 square feet in total expected to deliver in 2018.

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