office construction Houston is among the most affordable office markets in the US and Canada for users to build out space.

HOUSTON—Last year was a pivotal one for the office construction sector. Construction costs rose 3% and are expected to continue climbing in 2018 and beyond. Office leasing fundamentals are pivoting as new construction deliveries begin to outpace leasing demand. Moreover, tenant improvement allowances spiked nearly 10% in the latter half of 2017, outpacing rent growth.