Colliers International | Houston

Colliers is pleased to announce the sale of The Offices at Telfair, a 15,446-square-foot, single-story office building located at 7215 New Territory Boulevard in Sugar Land, Texas.

Houston's office market in Q1 showed signs of stabilization, with a much smaller negative net absorption of 96,726 square feet compared to the significant give-back of space that occurred in the previous quarter.

"New supply outpaced new occupancy in Q1 2025, with 3.6 million square feet delivered and 1.0 million square feet absorbed, causing vacancy to edge up slightly to 6.8%.

Colliers is pleased to announce the sale of Tanner Road Business Park, a ±83,512 square foot multi-tenant industrial shallow bay complex located at 9863-9869 Tanner Road in Houston, Texas.

Looking back at 2024, the flight-to-quality trend led the way with nearly 1 million square feet of positive absorption in buildings constructed since 2015, contrary to the overall 1.2 million square feet of negative absorption reported citywide.

"Wrapping up 2024, the industrial market in Houston continued to post strong demand with over 19 million square feet of positive absorption recorded for the year.

Colliers is pleased to announce the sale of two industrial buildings totaling 15,000 square feet located at 12062 and 12068 FM 3083 in Conroe, Texas

The Houston multifamily market finished the second quarter with strong positive absorption in all classes, resulting in an increase in occupancy rates. New completions also increased while the construction pipeline fell during the quarter.

"Key fundamentals in Houston's retail sector led to a robust second quarter. Demand outpaced new supply, resulting in low vacancy and availability rates.

"A strong second quarter has enhanced the year's solid start for the Houston industrial market. Tenant demand remains elevated, supported by the benefits of the region's population growth and low cost of living.