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Houston Office Vacancy Now 12.3%

HOUSTON-The Houston office market has a 12.36% vacancy rate at the end of the third quarter in comparison to 11.93% at the end of the third quarter of 1999, according to the CB Richard Ellis firm. Net absorption totals 733,000 sf.

By Connie Gore | Updated on October 23, 2000

HOUSTON-The Houston office market has a 12.36% vacancy rate at the end of the third quarter in comparison to 11.93% at the end of the third quarter of 1999, according to the CB Richard Ellis firm.

The completion of several suburban office building has been putting additional space onto the Houston market, but the city had 733,000 sf of net absorption in the third quarter, following 1.2 million sf of net absorption in the second quarter, CB Richard Ellis has reported. Downtown is outperforming the suburban office market.

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