Colliers International | Houston

Austin's industrial market continues to tighten up. The asking rents continue to increase, the vacancy rates are still falling and construction is strong. The average rental rate increased, yet again, hitting $10.58.

Office Market The Fort Bend office submarket posted 72,721 SF of negative net absorption in Q3 2016.  The average vacancy rate increased 120 basis points (bps) from 8.9% to 10.1% between quarters, and increased 130 bps from 8.8% in Q3 2015.

Austin continues to grow and the office rental rates are going along for the ride.

During the third quarter of this year, 6.5M SF of Houston's industrial inventory was absorbed, substantially more than the 2.2M SF absorbed in the third quarter of the previous year.

Houston office market construction pipeline shrinks seventy-three percent over the year

The Woodlands office market is not isolated from Houston's current market conditions. Lisa Bridges Director of Market Research | Houston The Q2 2016 office market in The Woodland's continues to struggle due to the low price of oil.

Office Market The Fort Bend office submarket posted 25,848 SF of negative net absorption in Q2 2016, bringing the mid-year net absorption total to positive 45,536 SF.

Healthcare systems continue to expand into the suburbs as population grows

Houston's retail market leads the nation in construction activity

Houston's industrial market leasing activity falls by fifty-five percent over the year